Switch to ADA Accessible Theme
Close Menu

Can bankruptcy stop a foreclosure sale?

By Florida Law Advisers, P.A. |

Yes, when a Chapter 7 or Chapter 13 case is filed an automatic stay is instantly put into effect. The automatic stay is a federal law which stops all forms of collection activity, including foreclosure auctions already scheduled to occur.

Facebook Twitter LinkedIn

Will I still owe the mortgage company money?

By Florida Law Advisers, P.A. |

Often, after a foreclosure auction there will not be enough funds from the sale to pay the mortgage in full. When this occurs, the bank may sue the borrower for the remaining loan balance. However, Chapter 7 bankruptcy can discharge the full amount of the mortgage loan and end a borrower’s liability to the… Read More »

Facebook Twitter LinkedIn

Can I keep my home if I file bankruptcy?

By Florida Law Advisers, P.A. |

Yes, homestead (primary residence) is a protected asset in both Chapter 13 and Chapter 7 bankruptcy. Therefore, you may not have to forfeit your home as a condition of the bankruptcy.

Facebook Twitter LinkedIn

Will bankruptcy help me lower my mortgage payment?

By Florida Law Advisers, P.A. |

Chapter 13 bankruptcy gives homeowners the opportunity to reorganize their mortgage debt into one manageable payment. In addition, it may provide up to five years to catch up on missed mortgage payments without being charged additional interest.

Facebook Twitter LinkedIn
Get your free 15-minute
consultation*
* Required Field

By submitting this form I acknowledge that contacting Florida Law Advisers, P.A., through this website does not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

protected by reCAPTCHA Privacy - Terms
*We offer free consultations for most legal matters.
Bradenton Herald
Worth
The Miami Herald
Newsday
IBTimes
Tampa, Florida
Florida Law Advisers, P.A.

Tampa, Florida
1120 E Kennedy Blvd, Unit 231
Tampa, FL 33602
Phone: (800) 990-7763

Orlando, Florida
Florida Law Advisers, P.A.

Orlando, Florida
111 N Orange Ave, Suite 800
Orlando, FL 32801
Phone: (800) 990-7763

Dade City, Florida
Florida Law Advisers, P.A.

Dade City, Florida
38100 Meridian Ave
Dade City, FL 33525
Phone: (800) 990-7763