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Will Filing for Bankruptcy Stop Foreclosure

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  • 05-15-2018, 12:41 PM
    lawfacts
    Will Filing for Bankruptcy Stop Foreclosure
    If you file a Chapter 7 bankruptcy will that stop a foreclosure?
  • 05-15-2018, 07:12 PM
    Mr. Knowitall
    Re: Will Filing for Bankruptcy Stop Foreclosure
    A chapter 7 bankruptcy will delay a foreclosure that is not yet compete; but it will not stop the foreclosure from proceeding once the automatic stay expires or if the lender gets the stay lifted.

    If you instead file a Chapter 13 bankruptcy, it is more likely that you will be able to keep the home -- if that's your goal.

    You should consult a bankruptcy lawyer to discuss your options and best path forward.
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