Bankruptcy: Stopping a Foreclosure. »
By Douglas Jacobs, California Bankruptcy Attorney on May 5, 2007 in Benefits of Bankruptcy, Foreclosure Issues, General Bankruptcy Information | 1 Comment
The filing of any bankruptcy creates an automatic stay. That stops all legal processes against the debtor including foreclosures.
The question, of course, is: how long is the foreclosure stopped. In a Chapter 7 bankruptcy, the foreclosure is stopped until the creditor gets the judge in the bankruptcy to lift the automatic stay or until the [...]
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