Bankruptcy stops collection activity, including foreclosure, but whether it will permanently stop it will depend on the type of bankruptcy you file and your ability to catch up on arrearages and make ongoing mortgage payments. If you’re facing foreclosure, it’s important to act quickly, and in most cases, you’ll want to contact a knowledgeable bankruptcy attorney who can help you evaluate your options.
Ask Nannette About:
• What is foreclosure?
• Stopping foreclosure: the automatic stay
• Foreclosure and chapter 7 bankruptcy
• How chapter 13 bankruptcy can help