I would like to declare chapter 13 and save my house....how
ever it is scheduled to be sold on the 25th of june..
2007-05-22 14:06:57 · 5 answers · asked by classytaxiandsedan 1 in Business & Finance ➔ Renting & Real Estate
I'm sorry to tell you this, but if it is already scheduled for auction it is probably too late. As soon as you can you should consult with an attorney that specializes in bankruptcies. I n most cases the initial consultation is free, and in every case, if the lawyer is reputable, it will save you a small fortune as well as your self respect by using an attorney. If you let them know the urgency of your case they will probably see you right away.
Good luck to you.
2007-05-22 14:18:08 · answer #1 · answered by Daniel C 5 · 0⤊ 0⤋
If your property is scheduled to be sold at auction, you should be at an attorneys office first thing tomorrow morning. I think you should know that the banks are really serious and you should have a different approach to this. You have to stop every thing that you are doing, gather all your legal paperwork, find an attorney in your area and schedule a meeting for tomorrow morning.
2007-05-22 14:26:31 · answer #2 · answered by Henry Sosa 3 · 0⤊ 0⤋
When you file bankruptcy, a sheriffs sale and ALL OTHER DEBT collections are stopped immediately.
Please see an attorney NOW. The home loan is not wiped out. Your lender can go to bankruptcy court and get the sale scheduled again HOWEVER this will take some time.
BOB F
2007-05-22 16:07:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Then don't play on Answers, see your friendly lawyer. I believe the attorney can stop the foreclosure temporarily. Can you afford the house? If the answer is "no" then why bankrupt?
2007-05-22 14:15:43 · answer #4 · answered by steve.c_50 6 · 0⤊ 0⤋
No. The mortgage holder's lien is on your property. That is their collateral for your loan. In certain states, certain values of homes are 'exempt' from bankruptcy proceedings, but a bankruptcy does not supercede the mortgage holder's lien.
2007-05-22 14:33:12 · answer #5 · answered by acermill 7 · 0⤊ 0⤋
call an attorney first thing in the am. they may be able to bail you out. but you need to call first thing in the am. you will need at least 2 weeks to gather all info you are running out of time
2007-05-22 15:34:24 · answer #6 · answered by workshard 1 · 0⤊ 0⤋