The Bradley Building, 5 South Public Square, Cartersville, Georgia 30120


Proudly serving 5 Georgia locations


  • Cartersville Office

    The Bradley Building
    5 South Public Square

    Cartersville, Georgia 30120

    Phone: 770-382-8900
    Fax: 770-386-1170

  • Calhoun Office

    102 Court Street

    Calhoun, Georgia30701

  • Dalton Office

    319 Selvidge Street

    Dalton, Georgia30721

  • Dallas Office

    206 East Memorial Drive

    Dallas, Georgia30132

  • Woodstock Office

    345 Creekstone Ridge

    Woodstock, GA30188


Mr Cahn looked at the information we provided, he gave us his professional opinion, but most of all Mr. Cahn answered our questions. He made us feel very at ease through our situation…
Darin & Donna B

Using Bankruptcy to Stop Foreclosures in Georgia

Most people have heard that you can stop foreclosure by filing for bankruptcy, but is it really true? In many cases, the answer is yes. Declaring bankruptcy can bring foreclosure proceedings to a halt, end harassment from creditors, and give you time to reorganize your finances and make up missed payments on debts. At Perrotta & Cahn our attorneys have extensive experience helping north Georgia homeowners save their homes through bankruptcy.

Halting the Foreclosure Process

The first thing a bankruptcy filing accomplishes is to stop the foreclosure process. Once an “automatic stay” is in place, creditors are not allowed to collect on debts or enforce liens, and in most cases, foreclosures are included within the scope of actions prohibited by the automatic stay. The automatic stay applies in both Chapter 7 and Chapter 13 cases, and is triggered as soon as you file for bankruptcy.

Equity in Chapter 7 Bankruptcy

With Chapter 7 bankruptcy, a debtor may exempt home equity from liquidation. This means that if you have paid off a significant amount of your mortgage, building up equity in your home, your home may be exempt from Chapter 7 liquidation because your mortgage is a secured debt. In this scenario, you will still be obligated to pay your mortgage after bankruptcy, but you should be able to afford to make your payments because Chapter 7 discharges all other unsecured debt.

Reorganizing Mortgage Debt with Chapter 13 Bankruptcy

Among the debts that may be repaid through a Chapter 13 repayment plan are arrearages (delinquent payments) on a home mortgage. Once a repayment plan is in place, your lender is forced to allow you to catch up on past due mortgage payments, enabling you to save your home from foreclosure and resume normal monthly mortgage payments at the conclusion of bankruptcy proceedings.

In some cases, we can “strip” a second mortgage in bankruptcy, further easing your mortgage debt and lessening the amount you owe your creditors. This may be possible if you have two mortgages, and the balance of your first mortgage is more than the current value of your home. For more information, please see our page explaining lien stripping in bankruptcy.

Contact Us to Learn More about Saving Your Home from Foreclosure

If you are facing foreclosure, bankruptcy can help you hold on to your property and maintain your lifestyle. Start taking control of your financial situation today and contact Perrotta & Cahn for a free initial consultation. With offices in Cartersville, Calhoun, Dalton and Dallas, we are conveniently located to serve clients throughout northwest Georgia.