Will filing bankruptcy stop foreclosure? Yes it can. When you file a bankruptcy petition and automatic stay is granted. This day means that all creditors must stop any collection action against you. You shouldn’t wait this long, but filing a bankruptcy petition can stop foreclosure up until the date of your foreclosure sale. Filing bankruptcy should be your last option. There are other alternatives that you should exhaust first.
Posts Tagged ‘Last Option’
Bankruptcy Software Review
Monday, June 22nd, 2009Once you realize that you are no longer able to pay your creditors, filing for bankruptcy should be among your last option for dealing with the situation. If you decide that it is the only way out for you, then you can go ahead and file for it.
