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Will filing for Chapter 13 Bankruptcy stop a foreclosure?

Yes. A home is an asset usually secured by a mortgage. While a Chapter 13 will stop a foreclosure, unless you begin making current payments, a creditor will be successful in obtaining permission from the Court to institute a new foreclosure proceeding. Assuming you can make your monthly payments after you file a Chapter 13 Plan, you can catch up your arrearages under Chapter 13 and avoid foreclosure of your home.

Contact us now to inquire about our Chapter 13 Bankruptcy related legal services.

Contact Baltimore Chapter 13 Bankruptcy Attorney