Can I claim bankruptcy to stop forclosure of a home?

Asked on July 10, 2012 under Bankruptcy Law, Texas

Answers:

Malissa Walden / Kansas City Bankruptcy Attorneys Walden & Pfannenstiel, LLC

Answered 8 years ago | Contributor

Filing for bankruptcy will definitely stop the foreclosure of a home. How long it stops it though will depend. At the time of filing an Automatic Stay goes in to place, stopping all collection efforts. However, the Creditor can request that the Stay be lifted. If granted, the Creditor can then continue to move forward regardless of the bankruptcy filing.

You need to speak with a Bankruptcy Attorney to make sure that your rights are protected and exactly what options are available to you.


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