Will bankruptcy stop a foreclosurei?
Yes. However, a home is an asseti usually secured by a deedi of trusti. The mortgagei company is entitled apply to the court for relief from the automatic stay, the order preventing creditor action by virtue of the bankruptcy. Depending upon several factors, you may be able to prolong a foreclosure until you have received your discharge from bankruptcy. Usually, to keep a home that is in foreclosure you will have to make a deal with the notei holder.
