Are you thinking about filing a bankruptcy petition in order to stop a foreclosure?
A foreclosure sale happens when a person has defaulted on her mortgage payments. How is a bankruptcy filing related, though?
A bankruptcy filing often will often delay the foreclosure. Depending on what kind of bankruptcy you file for, you may even be able to save your home. Before you get into it, though, here are five things you’ll need to know:
Foreclosure and bankruptcy are not easy matters to deal with. If you are dealing with a possible foreclosure and want to discuss your options, be sure to contact an experienced foreclosure attorney near you who can help.
Related Resources:
- File Bankruptcy to Stall Foreclosure? (Fox News)
- Is Bankruptcy a Good Idea for You? (FindLaw)
- Foreclosures and Bankruptcy: Is it a Good Alternative? (FindLaw’s Law and Daily Life)
- Get Affordable Bankruptcy Forms for Your State (LegalStreet)(Disclosure: LegalStreet and FindLaw.com are owned by the same company.)
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