HOME, FORECLOSURE, AND RENTALS
FREQUENTLY ASKED QUESTIONS

Read below for frequently asked questions on home, foreclosure and rental bankruptcy. Contact Us for additional questions or to speak with one of our bankruptcy attorneys today. 

Will Bankruptcy keep me from losing my House?

Yes, bankruptcy can be used to 'catch up' late payments or to stop foreclosures, tax liens, and judgements. Usually, if you want to keep your home, a bankruptcy will help you do it.  

Can I keep my house and car if I file Bankruptcy? 

Most lenders allow you to keep your house or car if you agree to keep making the payments. Interest rates, loan amounts and pay off dates usually remain the same. 

Will Bankruptcy stop a foreclosure?

Most lenders allow you to keep your house or car if you agree to keep making the payments. Interest rates, loan amounts and pay off dates usually remain the same. 

Can I use Bankruptcy to catch up on my house or car payments? 

Yes, if you are behind on secured loan payments, you can use bankruptcy to catch up on delinquent payments on houses, cars, jewelry or personal property loans. These catch up payments can be decided into as many as 60 monthly installments. 

We have our house paid off but our other debts are out of control. We are being sued and my wages are being garnished. Can I file for Bankruptcy and still keep my house? 

Yes, as you know, creditors who get judgements can use those judgements to take your home, wages, and other assets. Bankruptcy can be used to stop the creditors while you reorganize your finances in order to keep your home. 

Can we use Bankruptcy to reorganize our debts and catch up on house payments? 

Yes, you can use bankruptcy to propose a plan to the court and your creditors to catch up the late payments over a 3 to 5 year period. This will allow you to keep all the real estate you own.