A Creditor Challenge to the Automatic Stay
Filing bankruptcy stops creditors' collections against you immediately. But sometimes a creditor tries to get permission to collect anyway.
Chapter 7 with a Judgment Lien, HOA Debt, or Support Obligations
Here are 3 more scenarios for when you are current on your mortgage, where Chapter 7 works well in dealing with other home-related debts.
Keep an Open Mind about Chapter 7 or 13
Here's an example why to keep an open mind about filing under Chapter 7 vs. Chapter 13. Slightly different facts can make all the difference.
Chapter 7 Buys Time and Money to Move from a Foreclosing Home
Filing a Chapter 7 case stops foreclosure of your home temporarily, helping you gather funds for your transition to your next housing.
Many Ways to Buy Time for Your Vehicle and Home through Chapter 7
Chapter 7 buys you the crucial time you need in many situations when falling behind in your obligations related to your vehicle or your home.
Buy Time to Sell Your Home with Chapter 13
If you are behind on your mortgage, and are thinking of selling your home, you can often delay selling for many months or even for years.
Buy Much More Time for Your Home with Chapter 13
Filing a Chapter 13 case buys you time and flexibility for catching up on your mortgage arrearage. Lots more of both than in Chapter 7.
Buy Time for Your Home with Chapter 7
Filing a Chapter 7 bankruptcy case stops a foreclosure and buys some time to either arrange to keep the home or move in a peaceful way.
Catching up on Your Mortgage on Your Terms
If you've fallen behind on your mortgage, it's very hard to catch up. It may even seem impossible. Chapter 13 makes it possible.
An Example of Surrendering Your Home Later in a Chapter 13 Case
Here's an example of how Chapter 13 can allow you to hold onto your home but then change your mind about it later.
The Option of Surrendering Your Home Later in a Chapter 13 Case
As you decide whether to use the powerful tools of Chapter 13 to hold onto your home, it helps to know that you can later change your mind.
Protect Equity in Your Home Better with Chapter 13
If your home is exposed to your creditors and to the Chapter 7 trustee because it has too much equity, Chapter 13 can protect that equity.
Protect Equity in Your Home Not Covered by the Homestead Exemption
If your home is at risk because you have more equity than the amount of the homestead exemption, Chapter 7 might still save your home.
“‘Statutory Liens” on Your Home Resolved through Chapter 13
Chapter 7 doesn't wipe away "statutory liens." But Chapter 13 gives you a safe and flexible way to deal with them.
Catching Up on Your Property Taxes through Chapter 13
If you are behind on property taxes on your home, Chapter 7 often doesn't give you enough time to catch up. But Chapter 13 likely would.
