Wednesday, October 9, 2013
If you surrender your home in Bankruptcy, how long can you stay?
According to a post on Bankruptcy Law Network:
"Even if you choose to surrender your home as part of your Chapter 7, the automatic stay provision of the Bankruptcy Code still protects you, at least temporarily. At some point in the near future, the mortgage company will file a motion in bankruptcy court called a Motion for Relief from Stay in which they ask the Judge to lift the automatic stay so that they can pursue their state law remedies."
To schedule a free consultation on Chapter 7 or Chapter 13 Bankruptcy please contact our Fresno Bankruptcy Attorneys at (559) 225-3622 or toll free at 877-776-4529. Visit the website for FAQs.
Original Article written by Jonathan Ginsberg, Esq.