Reasons to Consider Filing Chapter Thirteen to Stop FOreclosure

Posted December 23, 2009 – 6:36 am in: Mortgage

Filing for bankruptcy can sometimes be an effective way to stop foreclosure. The type of bankruptcy you need to file if you want to have any chance at saving your home is chapter thirteen bankruptcy reorganization. This is the only type of bankruptcy that will allow you to keep your home. Filing for bankruptcy under chapter seven will only discharge your debts, not let you reorganize them.

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