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This video features David Shuster, a Bankruptcy attorney based in Texas.
Can bankruptcy stop foreclosure? Let's ask Dallas lawyer David Shuster for this Ask the Lawyers Quick Question.
Yes, bankruptcy stops a creditor from doing anything they're attempting to do, including foreclosing on property, okay? So typically if it's, depending on how much time we have, we can do just a short form petition and get it on file within an hour or more, maybe one to three hours, certainly 12 to a day or two, right? We can get it just on file immediately. When you get that case number, then the creditor cannot foreclose against you, and then that is when you determine where you stand with everything to your repayment plan and repaying the credit or over an extended period of time, like the Bankruptcy Code allows, just to stop them from trying to foreclose on your home.
Disclaimer: This video is for informational purposes only. In some states, this video may be deemed Attorney Advertising. The choice of lawyer is an important decision that should not be based solely on advertisements.