The new law Congress passed to slow down bankruptcy filings is not working. All the new law does is impose unnecessary cost burdens on you. 111,693 bankruptcy cases were filed in the US in February of 2010 – that is 9% increase from January. Chapter 7 filings are up and Chapter 13 filings are down….
Archives for stopping the foreclosure process
If I am working on a loan modification, will that stop the foreclosure process?
The answer is no. Your bank can proceed with a foreclosure even if you are working on a loan modification. You may have to consider filing for bankruptcy in Michigan. Filing for bankruptcy will stop the foreclosure process temporarily. If you file a Chapter 13 bankruptcy you have up to five (5) years to catch…