Bankruptcy Can Prevent Foreclosure
Bankruptcy Can Prevent Foreclosure If you are behind on your mortgage and facing foreclosure, bankruptcy may offer you relief. For most filers, the instant your bankruptcy case is filed, the automatic stay goes in to effect. Once your creditors are notified about your case, foreclosures and other collection activities by your creditors are halted. Filing Chapter 7 bankruptcy can temporarily stop a foreclosure for a few months. This may give you time for a loan modification or to receive other