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Debt Consolidation Forums Bankruptcy Chapter 7 and Chapter 13 forums

I want to stop foreclosure on my home by using bk . Is it possible

Date: Wed, 02/26/2020 02:38
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I want to stop foreclosure on my home by using bk . Is it possible?




Of course it is possible. You should meet with a local bk attny to discuss your options. Most initial consultations are free or very low cost.

Sub: #1 posted on Wed, 02/26/2020 - 03:41

despritfreya despritfreya

(Posts: 175 | Credits: )

Yes, you do this, however, before this, consult to a good BK attorney.

Sub: #2 posted on Thu, 02/27/2020 - 23:32

Sanders Patricia Sanders Patricia

(Posts: 1239 | Credits: )

Well, bankruptcy has a feature called automatic stay. Once you file bankruptcy, automatic stay is imposed on judgments, collection efforts, wage garnishment, foreclosure, etc. So bankruptcy can help to stop foreclosure as long as the house has not yet been sold. Chapter 7 can postpone the foreclosure. But if you want to keep your home, then file Chapter 13 bankruptcy.

Sub: #3 posted on Fri, 02/28/2020 - 02:01

Nick Jonas Nick Jonas

(Posts: 428 | Credits: )

Yes, it's possible! As soon as you file bankruptcy, an automatic stay comes into effect! Unless the judge gives the lender permission, no foreclosure can take place! But make sure to consult a good attorney while filing bankruptcy!

Sub: #4 posted on Sun, 03/01/2020 - 20:21

Craigh.terry Craigh.terry

(Posts: 273 | Credits: )

If any one got in insolvency then they stay on the judgment,collection efforts and foreclosure.So it will help to stop foreclosure as long as the Bailiffs comes and sell your house.So for keeping your house one need to file chapter 13.

Sub: #5 posted on Tue, 03/03/2020 - 21:39

chris07hemsworth chris07hemsworth

(Posts: 1 | Credits: )


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