In most cases, a Bankruptcy will usually delay any foreclosure process. This is because when a bankruptcy case is filed, a restraining order is entered under 11 USC 362 called the Automatic Stay, which prevents any further debt collection efforts against debtors or their property.
If you liked that post, then try these…How Long Can I [...]

Does bankruptcy cause divorce? No. However the underlying factors that led to the bankruptcy may cause you to consider divorce. My office manager and I were recently discussing this factor because so many of our clients lately have filed for divorce. In fact so many of our clients have filed for [...]

Fellow blogger Susanne Robicsek told you what to expect at your meeting of creditors, nicknamed your 341 hearing. What will the trustee ask me, you wonder?
Here is the list of questions your trustee is required to ask you and a list of sample questions your trustee may ask you depending on the facts [...]

Many people file for bankruptcy to discharge credit cards and other loans they took to buy a few things “on time” that have snowballed to a point that it can no longer be paid off. Buying on time is something that hurts consumers in the long run. It traps them until [...]