The possibility of losing your home to foreclosure is one of the most stressful financial challenges a person can face. The uncertainty, combined with the emotional toll, can leave you feeling overwhelmed and unsure of where to turn. At Sheehan & Ramsey, we understand the fear and anxiety that come with a looming foreclosure, and we are here to provide clarity, compassion, and effective solutions.



One of the most powerful tools available to stop foreclosure is filing for bankruptcy. With the right strategy, bankruptcy can not only halt foreclosure proceedings but also give you the opportunity to stabilize your finances and protect your home.

Understanding Bankruptcy as a Tool Against Foreclosure

When you file for bankruptcy, the court issues an automatic stay — an immediate order that requires all creditors to stop collection efforts. This includes foreclosure actions. The automatic stay goes into effect as soon as your case is filed, giving you critical breathing room to assess your situation, catch up on payments, and explore solutions.

Bankruptcy doesn’t just delay foreclosure — with the right plan, it can give you the chance to save your home.

Chapter 7 vs. Chapter 13: Which Is Right for You?

Not all bankruptcies are the same, and choosing the right chapter is essential to protecting your home.

• Chapter 7 Bankruptcy:
  Offers a discharge of many unsecured debts, such as credit card bills or medical expenses. While Chapter 7 can free up money to cover your mortgage, it does not directly stop foreclosure unless you are current or can quickly catch up on payments.
• Chapter 13 Bankruptcy:
  Specifically designed for individuals who want to keep their homes. Chapter 13 allows you to create a 3- to 5-year repayment plan that helps you catch up on missed mortgage payments while continuing to pay your current mortgage. This makes it one of the most effective options for halting foreclosure in Mississippi.

At Sheehan & Ramsey, we carefully review your situation to determine which chapter of bankruptcy best aligns with your financial goals.

The Road to Recovery After Bankruptcy

While the thought of filing for bankruptcy may feel intimidating, it’s important to remember that bankruptcy is not the end of your financial story — it’s a chance to start fresh. Many people emerge from bankruptcy with a renewed ability to manage their money, rebuild credit, and plan for the future.

Our team at Sheehan & Ramsey supports you not only through the bankruptcy process but also as you rebuild your financial health. From understanding bankruptcy exemptions to learning how to repair credit, we provide the guidance you need to move forward with confidence.

Take Action Before It’s Too Late

The sooner you act, the more options you will have to protect your home. If you’re facing foreclosure in Ocean Springs or the surrounding areas, don’t wait until it’s too late.

📞 Call Sheehan & Ramsey today at 228-400-7075 to schedule a FREE consultation with a foreclosure defense attorney. Together, we can explore whether bankruptcy is the right tool to help you keep your home.