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Bankruptcy

: Bankruptcy Law Network

Why File A Response In A Chapter 7 Motion For Relief From Stay?

By Susanne Robicsek, North Carolina Bankruptcy Attorn

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Courts may grant a Motion for Relief from Stay in a Chapter 7 if it was filed because a debtor is behind on the mortgage when filed, and there is no equity in the property for creditors.  Chapter 7 is not designed to stop foreclosures to give people time to catch up on their mortgages.  [...]

Full post as published by Bankruptcy Law Network on June 22, 2009 (boomark / email).

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