Bankruptcy FAQs

Will bankruptcy stop a foreclosure?

Temporarily, yes. However, the lender is entitled to seek for relief from the automatic stay to allow it to continue foreclosure proceedings. Usually, to keep a home that is in foreclosure, the debtor will have to reach an agreement with the lender and resume making payments. A Chapter 13 can be helpful in accomplishing this if the creditor is not willing to voluntarily work out an agreement.

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