Can filing for bankruptcy save my house?

When you file for bankruptcy, an automatic stay is put on all creditor attempts to collect money owed, including foreclosure. While Chapter 7 can temporarily protect your home, Chapter 13 offers more comprehensive protection because it allows debtors to catch up on their mortgage payments to secure the house from the threat of foreclosure.

For more information on the security of your assets during bankruptcy, contact the New Orleans bankruptcy lawyers of Kervin & Young, LLC at 504-599-5906.