Bankruptcy
Bankruptcy can also be a way to delay a foreclosure; however, it may not actually
stop foreclosure. The foreclosure will be put on hold during the bankruptcy process.
Once your bankruptcy is discharged the foreclosure process may resume right where
it left off.
In some situations, bankruptcy may be the best solution for the homeowner. If you
are considering filing for bankruptcy, please contact an attorney who is familiar
with the foreclosure process. It may be possible to avoid foreclosure with a bankruptcy
filing.