Sentences with phrase «foreclosure by filing bankruptcy»

Not exact matches

By enlisting a host of tactics to delay the foreclosure process, like filing bankruptcy, pushing back short sale dates and hitting lenders with requests for more documentation, consumers are able to further delay the inevitable.

If you have a bankruptcy filing or foreclosure on your report, now's the time to start rebuilding your credit history by obtaining some secured credit and making regular, on time payments.

CNN Money estimates that a home foreclosure can decrease consumer credit scores by 85 to 160 points, while filing bankruptcy creates worse results by reducing credit scores by 130 to 240 points.

On the one hand, filing for chapter 13 bankruptcy can help you save a home from foreclosure by forcing your lender to take past due mortgage payments in small increments over a 3 - 5 year period rather than forcing you to pay back what you owe in a lump sum right away.

We Pledge to ensure that the filing of a new bankruptcy case by our office will legally stop all creditor collection activity, including foreclosures, repossessions, court proceedings (other than criminal prosecutions), garnishments (other than domestic support obligations), threats, creditor calls, collection letters, and general creditor harassment.

It's true, filing a chapter 13 bankruptcy can stop foreclosure and allow for some breathing room by dividing overdue payments into manageable installments over a 3 - 5 year period.

In reality, by the time most people file for bankruptcy they have already fallen behind on their payments, gone into default or foreclosure, or had legal judgments entered against them.

In case of a foreclosure, however, government regulations may prevent applicants from getting a mortgage ever again therefore, whether you should file for bankruptcy or not is a question better answered by a professional credit repair services firm.

The creditors that you listed in your filing will be notified by the bankruptcy clerk that you have filed for bankruptcy and most collection actions must stop, including foreclosure proceedings.

There is a fast and easy way to put a stop to any foreclosure action, auto repossession, and creditor harassment: by filing for a Minnesota bankruptcy with the experienced bankruptcy specialists at Kain & Scott!

Once you file your Chapter 13 bankruptcy petition, foreclosure proceedings are stopped and, by making your scheduled payments over the repayment period, you can keep the home you love!

In most cases, it is entirely possible to completely stop the foreclosure process on mortgages by filing for either Chapter 7 bankruptcy or a Chapter 13 Repayment Plan.

Your home can indeed be protected by bankruptcy — even foreclosure proceedings must stop when you file.

On Friday, a company controlled by Ms. Keeser that owns the museum's home filed for Chapter 11 bankruptcy protection in Manhattan — a step that would forestall any foreclosure proceedings.

The filing of a Chapter 7, 13 or 11 bankruptcy petition initiates an automatic «stay» which will immediately stop collections efforts by creditors, the enforcement of judgments, or foreclosure on real property.

If you are being harassed by bill collectors, are threatened with utility shutoffs, are facing foreclosure or you can't pay the minimums on your credit cards, it may be the time to consider the decision to file for bankruptcy.

In his solo office, Mike's primary focus is to turn «debt crisis into debt relief,» through foreclosure defense, bankruptcy, fighting creditors in court, and by filing creditor harassment claims.

Unfortunately, the Chapter 13 bankruptcy judges have noticed an upsetting trend among the mortgage servicers and foreclosure - executing companies involved in Chapter 13 bankruptcy cases filed by struggling homeowners.

If a Virginia foreclosure sale is imminent, either spouse may file a chapter 13 bankruptcy case to preserve the equity in real estate in their joint names, or to save the former marital residence for continued occupancy by one or both of the spouses.