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Bankruptcy

: The Debt Podcast

When Do I Need To Leave My House When Filing For Bankruptcy And Foreclosure? Part 1 of 2

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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. So if someone is facing foreclosure, a Bankruptcy will immediately freeze [...] read more

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Full post as published by The Debt Podcast on February 03, 2008 (boomark / email).

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