If i fill bankruptcy how that will help me to avoid foreclosure process?

[johnbreath00]

Thanks for the advice i am talking with the attorney i am trying to over come with this situation of foreclosure.

[johnbreath00]

Thanks for your advices.

[dothetwist]

As others have said: Contact a LAWYER.

Chapter 11 (not Chapter 7) MAY help you avoid foreclosure IF you have enough income to pay your mortgage as it stands AND any arrearages in a 5 year timeframe. OR if you have enough income to pay a 'modified' mortgage that you may be able to negotiate through the Bankruptcy trustee.

[lunetunelover]

You can keep your house (and stop a foreclosure) with a Chapter 7 too...it just depends on the laws and exemptions allowed.