File bankruptcy and foreclosure

There are two types of personal bankruptcy, Chapter 7 and chapter 13. First acts as the liquidation of the succession to pay off the coast of your assets creditors sold. The second, chapter 13, is a plan for the refund of three to five years. Once you file a petition in bankruptcy or the "automatic stay" effect. The automatic stay "remains" or stops any lockout procedure or the creditors, then your query bankruptcy facing bankruptcy fundraising efforts. If you face the lock on your House, bankruptcy may provide good option.Difficulty: ModerateInstructions1Monitor your mortgage payments and communicate with your mortgage company. If you are unable to make mortgage payments or went to unaffordable levels you contact companies your mortgage first. Whether you are able to negotiate a lower monthly payment or other options. If you too far behind in your mortgage payments fall can Hypothekenbank locking procedure, to initiate, means trying to return home. You can either home mortgage company, or the failure of leaving "the foreclosure. 2Gather file your information of income and wealth in a file bankruptcy staying signed in". Order for bankruptcy file, you need copies of past income tax returns to lose information and creditors (eg.) (Their mortgage companies, credit cards, etc.). Make a list of all your monthly expenses, including utilities, telephone bills, cable, food and transportation. 3Visit lawyer bankruptcy, to discuss bankruptcy chapter would be beneficial for you. A chapter 7 bankruptcy likely liquidating your real estate, and you lose your home. Bankruptcy of vHapter 13 requires that borrowers have a regular income payments to chapter 13 trustee for ae have to make term of three to five years. A bankruptcy lawyer can look at the information that you collected and you say, what kind of bankruptcy qualify for file. 4File your petition in bankruptcy and plan before the bankruptcy court. BA Expérimenténkruptcy lawyer may be for you the paperwork file. You want to do yourself "pro", you can download these forms to Justice website of you, and you can personally be filed in your court. You must create a bankruptcy plan, indicating you will pay how much money the creditors, and where such creditors can expect payment to the Court of justice. The bankruptcy see your petition and take a final decision whether your bankruptcy reject plan to approve your case.