Home foreclosures continue to rise across the nation. One out of every three homes is at risk for foreclosure. Unfortunately, if you watch the evening news there seems no end in sight. If you or someone you know are struggling to make monthly mortgage payments, or are afraid of losing your home, you may want to consider contacting a Minneapolis bankruptcy attorney.Several individuals today are drowning in a sea of debt. If you owe thousands of dollars in unsecured debt such as credit cards and medical bills, bankruptcy is an option. Filing Chapter 13 bankruptcy can immediately stop foreclosure on your home. When you file a bankruptcy petition everything comes to a halt. Filing bankruptcy provides you with a blanket of protection. Creditors are instantly prevented from harassing you day and night with phone calls and banks or mortgage companies are forced to stop any foreclosure proceedings on your home.Chapter 13 bankruptcy works somewhat like a consolidation loan. The Minneapolis bankruptcy lawyer will make a proposal to secured creditors, such as your mortgage lender, as to the amount of money you are able to pay each month. Normally the lender will be given a 30 to 60 month repayment plan. Unsecured creditor debt such as credit cards may not have to be repaid and the creditors will be prohibited from ever trying to collect money from you for these debts again.A Minneapolis bankruptcy attorney will tell you if you qualify for chapter 13. If you do not qualify there are several other bankruptcy options. Chapter 7 works in a similar way as filing Chapter 13. There is an immediate stay that prevents the lender from foreclosing on a home. The individual filing bankruptcy may be forced to sell other assets such as second homes and luxury items.The attorney will discuss each option and help you decide which one is best suited for you. For the home owner who is afraid of losing their home the pressing question is “Can I prevent foreclosure on my home even if the process has begun?” The answer is “Yes!” With the help of a good attorney there are steps that can be taken to save your home. So don’t delay, contact a Minneapolis bankruptcy attorney today.