Beyond the pandemic's foreclosure moratorium, Chapter 7 bankruptcy gives you serious advantages if you're selling your home.
Chapter 13 enables you to possibly sell your home if and when you're ready to do so.
The federal mortgage foreclosure moratorium now doesn’t expire until March 31. The President appears to prefer an extension through September 2021.
Chapter 13 gives you much more power over your mortgage and other home-related debts so that you can sell your home when it's best for you.
Bankruptcy will stop foreclosure fast. But there are excellent reasons to get your ducks in a row early.
See these bullet points on dealing with your home lender under Chapter 7 and under Chapter 13.