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Should You File For Bankruptcy If You Are About To Lose Your Home To Foreclosure?


Receiving a notification from your lender that they are initiating foreclosure proceedings on your house might not come as a surprise to you if you have past-due payments, but it can be a good wake-up call to alert you to act. If you want to stop the foreclosure, you might wonder if bankruptcy is the right option. Here are a few things to know as you make this decision.

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How the Repayment Plan in Chapter 13 Bankruptcy Works


When you feel overwhelmed with debts and fall behind on all your payments, turning to Chapter 13 bankruptcy might be your only option. Chapter 13 allows you a chance to catch up on your debts through a repayment plan without losing any of the things you own.

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