If you're having trouble paying your mortgage, it’s a good idea to contact your lender as early as possible to avoid foreclosure.

Under bankruptcy laws, which vary by state, debtors may be able to keep their home under the homestead exemption. Also, if you're considering filing for Chapter 13 bankruptcy, typically you'll be able to keep your home as you continue to make mortgage payments under a payment plan that's reasonable for you.

Filing for Chapter 7 bankruptcy may also discharge you from your obligation to pay your mortgage, depending on your situation and what your preferences are regarding what you want to do with your assets. If you're interested in surrendering the house, this could be a good option.

As soon as you file your petition for bankruptcy, a legal "automatic stay" is placed on all your creditors. This means your creditors must immediately stop all debt collection efforts, including phone calls, repossessions and foreclosures.

If you can't pay your mortgage payments and are facing foreclosure, a bankruptcy lawyer can help you keep your house while filing for bankruptcy. Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.