People do not simply choose to stop paying their mortgage. Instead, their inability to continue paying their mortgage obligations is usually the result of complex financial issues, usually tied to debt. Therefore, if you are facing foreclosure in Towson, addressing your debt problems by filing for bankruptcy could be the solution to all your problems.
Even seemingly successful individuals can suddenly find themselves struggling with debt. Back in 2007, many successful investors experienced a reversal of their fortunes. Because such individuals had to borrow so much money, many of them could no longer afford to pay their debts.