Every month you can put off foreclosure buys you crucial time to get money together to make your move to your next housing. Last week we went through a list of ways Chapter 7 buys you time when dealing with a home foreclosure. Included was that filing a Chapter 7 case “can give you time to surrender your … Read More
Timing your bankruptcy filing right can give you more time in your home before surrendering it to your lender.
When it’s smart to file a 3-to-5-year Chapter 13 case to prevent a home foreclosure and be able to keep it permanently, or to sell it later.
Do you really have to file a 3-to-5-year Chapter 13 case to stop a foreclosure of your home and then be able to keep it permanently?
Even if you don’t think you can stay in your home, Chapter 7 gives you more time to save money for your move, and may buy some leverage.
Filing bankruptcy can buy you a little time or a lot of time, enough time either to transition to a new home or to save your home.