Chapter 13 bankruptcy can affect a foreclosure on a home. This post covers what a Chapter 13 filing means for a foreclosure proceeding when it is filed before a judicial sale or foreclosure sale takes place.
Frequently Asked Questions
Will filing bankruptcy stop a foreclosure on my house?
Will filing a bankruptcy stop a foreclosure on your home? If a bankruptcy is filed, specifically a Chapter 13 bankruptcy, before there’s a judicial sale or a foreclosure sale, the filing of the Chapter 13 bankruptcy will stay the foreclosure proceeding, and that sale will not be able to go through.
Are you struggling financially? Pratt & Maegli Law Firm in Rockford helps Illinois families and individuals explore Chapter 7 and Chapter 13 options with clear answers and a personal approach. Call (815) 315-0683 or visit rockfordbankruptcytoday.com to schedule a confidential consultation and take the first step toward real financial relief.