Can a charter 7 bankruptcy stop foreclosure and for how long

If that is the case, then it would be helpful to contact the lender and make out a reasonable dealing. Banks work hard to avoid filing a foreclosure, you have to be practical though, they don’t want to take your home and you don’t want lose your home. Once they file the lists pending notice on you, from their onwards it is very bad until the trustees sale. It is helpful while filing bankruptcy is to delay or stop the sale of your house and gives you a few weeks time before sale of your house anyway.

Filing a chapter 7 or chapter 13 bankruptcy can momentarily stop the foreclosure. Sooner or later you will have to present your mortgage. Make sure that you can able to present with in few months before doing the bankruptcy. It is expected that you will loose your home, it is better to sell the house rather filing a bankruptcy. If you have to pay more than then you may get from the house, you can consult with the mortgage company to permit the debtor to take a unsecured loan for the differentiation.