Welcome to Aronow Law, P.C.
At Aronow Law P.C., we understand how devastating facing the threat of foreclosure can be. For many New Yorkers, filing bankruptcy isn’t about giving up — it’s about taking control. Our experienced attorneys help homeowners stop foreclosure, eliminate overwhelming debt, and rebuild their financial future with confidence and clarity.
How Bankruptcy Stops Foreclosure in New York
When you file for bankruptcy, an automatic stay takes effect immediately. This powerful legal protection halts all collection activity, including foreclosure proceedings.
That means:
- The bank must stop foreclosure lawsuits.
- Scheduled auctions or sales are paused.
- Creditors can’t contact you or continue legal actions.
The automatic stay gives you valuable time to catch up on missed payments, reorganize your finances, and explore long-term solutions with legal protection in place.
Chapter 7 vs. Chapter 13: Understanding Your Options
Whether bankruptcy can permanently stop foreclosure depends on which type you file:
Chapter 7 Bankruptcy: Temporary Relief
Filing Chapter 7 triggers the automatic stay, which can temporarily stop foreclosure and give you time to make decisions.
However, Chapter 7 does not provide a mechanism to catch up on missed mortgage payments — unless you can bring the loan current quickly, the lender may resume foreclosure once the case closes.
Chapter 7 is best suited for those who:
- Have mostly unsecured debt (credit cards, medical bills).
- Need short-term foreclosure relief.
- Want to discharge other debts to focus on saving their home.
Chapter 13 Bankruptcy: Long-Term Foreclosure Protection
Chapter 13 allows you to catch up on missed payments over a 3–5 year repayment plan while keeping your home.
As long as you stay current on the repayment plan and ongoing mortgage payments, foreclosure cannot proceed.
This option is ideal if you:
- Have a steady income.
- Can afford future payments.
- Need time to resolve arrears without losing your home.
At Aronow Law P.C., we help clients determine which chapter provides the strongest protection and the best chance to stay in their homes.
The Power of the Automatic Stay
The automatic stay is one of bankruptcy’s most valuable tools. It not only stops foreclosure but also:
- Ends wage garnishments.
- Halts repossessions.
- Stops lawsuits and collection calls.
If your lender continues foreclosure efforts after your bankruptcy filing, they can face serious legal penalties. Our firm ensures that creditors follow the law and respect your rights throughout the process.
Can Bankruptcy Eliminate Mortgage Debt?
In some cases, yes.
- Under Chapter 7, if you surrender the home, your personal liability for the mortgage is typically discharged — meaning you won’t owe the remaining balance after foreclosure.
- Under Chapter 13, bankruptcy allows you to restructure debt and possibly remove junior liens or second mortgages if your home’s value has declined.
Every case is unique, and our attorneys carefully review your financial situation to help you choose the strategy that provides the most relief.
When Bankruptcy Might Not Be Enough
While bankruptcy is a powerful defense tool, it’s not a cure-all. You may still lose your home if:
- You can’t afford mortgage payments after filing.
- You fail to follow your repayment plan.
- The lender successfully petitions to lift the automatic stay.
However, even in these situations, filing bankruptcy can buy time, delay eviction, and create opportunities for negotiation or loan modification.
Why Choose Aronow Law P.C.
At Aronow Law P.C., we’ve helped countless New Yorkers stop foreclosure through bankruptcy and regain financial control.
We combine legal expertise with compassionate guidance, helping you:
- Understand your rights under New York and federal law.
- File strategically to stop foreclosure immediately.
- Develop a long-term plan to protect your home and credit.
When your home and financial future are at stake, you need an attorney who will fight for you every step of the way.
Take Action Before It’s Too Late
Foreclosure moves quickly — but bankruptcy can stop it in its tracks.
Contact Aronow Law P.C. today for a free consultation. Our team will review your case, explain your options, and help you take decisive action to protect your home and your peace of mind.
Book Your Free Consultation Today!
Take the first step toward financial freedom. Aronow Law P.C. is here to help you stop collections, protect your property, and find lasting debt relief.
Contact us today to schedule your free consultation and rebuild your financial future.
Frequently Asked Questions
Does bankruptcy stop foreclosure immediately?
Yes. The automatic stay goes into effect as soon as you file, halting all foreclosure actions and creditor contact.
Can I keep my home if I file for bankruptcy?
Yes, especially under Chapter 13, which allows you to catch up on missed payments and stay in your home.
Will bankruptcy erase my mortgage debt?
It can eliminate personal liability under Chapter 7, but you must continue paying if you want to keep your home.
How long does bankruptcy delay foreclosure?
In Chapter 7, it may pause foreclosure for several months; in Chapter 13, it can prevent foreclosure for years while you repay arrears.
Can I file bankruptcy more than once to stop foreclosure?
Yes, but multiple filings can limit your automatic stay rights. A lawyer can advise whether re-filing is appropriate.
Can bankruptcy help remove a second mortgage?
In some Chapter 13 cases, yes — if the home’s value no longer covers the second mortgage, it may be stripped away.
