Then you can file a bankruptcy by filling up the form. Either you or your attorney can do this. The form basically is for you to declare your financial status and your financial transaction. Feel free to provide as much information as possible. Once you filled up the form, an automatic stay will be implemented immediately. This will enable your protection against your creditors. They are not allowed to harass you or to contact you directly to follow up information regarding your debts. Filing a bankruptcy will enable you to get a chance to coordinate with your creditor in a formal and professional manner. You will get to talk about the situation and to come up with the most viable solution without compromising your house as collateral. This is a good way to negotiate and resolve your foreclosure issue.
Wednesday, January 12, 2011
Delaying Foreclosure through Bankruptcy Filing
Then you can file a bankruptcy by filling up the form. Either you or your attorney can do this. The form basically is for you to declare your financial status and your financial transaction. Feel free to provide as much information as possible. Once you filled up the form, an automatic stay will be implemented immediately. This will enable your protection against your creditors. They are not allowed to harass you or to contact you directly to follow up information regarding your debts. Filing a bankruptcy will enable you to get a chance to coordinate with your creditor in a formal and professional manner. You will get to talk about the situation and to come up with the most viable solution without compromising your house as collateral. This is a good way to negotiate and resolve your foreclosure issue.
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