Will Filing for Chapter 7 Bankruptcy Stop Foreclosure? - JD Supra (p...

11/09/12

Will Filing for Chapter 7 Bankruptcy Stop Foreclosure?
JD Supra (press release)
Filing a bankruptcy, whether it be Chapter 7 or Chapter 13, will stop the foreclosure process. However, filing a Chapter 7 bankruptcy may not stop the process permanently. When a Chapter 7 bankruptcy is filed, an "automatic stay" goes into effect. This ...