Can filing for Chapter 13 bankruptcy prevent a foreclosure on your home, and if so, for how long?

The short answer is Yes, it can, but there are some exceptions. Like if you have prior filings so there is no stay or if you are barred from filing or if you are not on the loan and not on title to the property. When you ask for how long, that totally depends on your situation. You really need a chapter 13 bankruptcy lawyer to look at your specific circumstances.

Chapter 13 bankruptcy is designed to help people who earn enough money to make monthly payments on their debts. While you're paying back your debts in your bankruptcy plan, you can stop foreclosure proceedings and even get rid of liens that might have been put on your house by creditors. Chapter 13 also allows you to keep assets that might have been taken away under chapter 7—like a home or a car—though this will depend on whether or not they're secured with a lien. If you are in Utah, call this bankruptcy law firm for a free foreclosure consultation, they can help you:

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-13-bankruptcy-eligibility/

 

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