Can Bankruptcy Stop Foreclosure of My Home?

Yes—but how long the foreclosure is halted depends on what type of bankruptcy you file. Chapter 7 will delay foreclosure for two weeks to several months, but it will not stop foreclosure. Chapter 13 will usually provide you with an opportunity to stop foreclosure, because your back mortgage payments are a part of your bankruptcy repayment plan. As long as you are current with your plan payments during the three to five years of the plan, and you are current with your post-Chapter 13 filing date mortgage payments, which you must pay directly to your mortgage lender, your home will not be foreclosed.

For More Information

  • This field is for validation purposes and should be left unchanged.