You may also take out cash from the equity in your home to pay off debt or make home improvements, or avoid foreclosure on your home. (fhaloanpros.com)
Plus, if facing foreclosure on your home, the automatic stay created by your Chapter 7 filing only serves as a temporary defense against foreclosure. (bankruptcyattorneynation.com)
Under chapter 13, you have protection against foreclosure on your home by your lender as long as you meet the terms of the plan. (bankruptcyattorneynation.com)