If you are behind in your house or vehicle payments, can Chapter 7 bankruptcy stop a foreclosure or repossession from taking place?

by John Rogers | Nov 14, 2022 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney

Whenever any bankruptcy case is filed, the lenders are usually stopped from taking action to collect the debts that were owed at the time of the bankruptcy. This feature of bankruptcy is called the “automatic stay.” The automatic stay, if it applies, stops a foreclosure or repossession from going forward.