Chapter 13 bankruptcy allows you to reorganize your debts so that you can avoid repossession and/or foreclosure. If you are receiving foreclosure notices or you have fallen behind on your mortgage, Chapter 13 could be a powerful tool to help you regain control of your finances. The moment you file for bankruptcy, an automatic stay is put into place, which halts foreclosure proceedings and other debt collection methods. If you are facing foreclosure in Hurst, speak with a Chapter 13 bankruptcy lawyer immediately.