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How Bankruptcy Can Stop Foreclosure

Posted By Majed on Dec 24, 2010 7:00am PST

I'll be home for Christmas takes on an entirely different meaning when you are in danger of losing your home. However filing for bankruptcy can help you by giving you time to catch up on your mortgage.  When an individual files for Chapter 7 or Chapter 13, an automatic stay is enacted immediately.  This stay prevents any creditor from collecting or repossessing any item from the debtor for past due debt.

The automatic stay is just one way bankruptcy can help stop foreclosure.  An experienced bankruptcy attorney can speak with you about the best route to keep your home.  Allow the  Fears | Nachawati Law Firm  to use their use of experience to help you.
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