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  1. #1

    Default Can Foreclosure Occur After You Have Filed for Bankruptcy

    My question involves bankruptcy in the state of: California. I filed bankruptcy 2 years ago to save my home and I have been out of work for over 1 month and I am not able to make my payment to the trustee or the bank, can they foreclose on my home??

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Filed Bankruptcy and Now That I Lost My Job Can They Stil Forclose on My Home

    a lot of things can happen if you do not make the court required payments, including cancelling the bankruptcy. That will surely allow the lender to foreclose as any stay of prosecution will have ended along with the BK action.


    I suggest you contact your attorney, if you utilized the services of one. If you didn't, I suggest you secure the services of one. Outside of that, communication is important. The trustee doesn't want to find out about this from somebody else, like maybe somebody you haven't been making your payments to.

  3. #3
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Filed Bankruptcy and Now That I Lost My Job Can They Stil Forclose on My Home

    Quote Quoting jk
    View Post
    a lot of things can happen if you do not make the court required payments, including cancelling the bankruptcy. That will surely allow the lender to foreclose as any stay of prosecution will have ended along with the BK action.


    I suggest you contact your attorney, if you utilized the services of one. If you didn't, I suggest you secure the services of one. Outside of that, communication is important. The trustee doesn't want to find out about this from somebody else, like maybe somebody you haven't been making your payments to.
    A potential option is for the 13 to be converted to a 7 if that would free up enough resources to save the house...or stave off the creditors temporarily until the OP can get another job.

  4. #4
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Filed Bankruptcy and Now That I Lost My Job Can They Stil Forclose on My Home

    Another option would be to sell the home and move out of CA to an area where you can get a new job and a cheaper home. I'm not being snarky. The CEO of my spouses ESOP lives in a house there that cost him 3 times the cost of ours and would sell for about $80k here.

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