How Long Will Bankruptcy “Freeze” Foreclosure?

As with most legal questions, the answer is fact specific. The instant a bankruptcy case is filed, your creditors are prohibited by law from contacting you, attempting to collect a debt and yes, they are also prohibited from foreclosing on your home. Even if your home is scheduled to be sold at foreclosure tomorrow and you file bankruptcy today, an injunction called the automatic stay will temporarily sheild you from creditors, forcing your lender to immediately cease and desist with foreclosing. If you have kids or have ever played a game of “tag” the automatic stay operates very much like freeze tag. The filing of a bankruptcy case “freezes” the staus quo, giving you time to catch your breath. How long are your creditors “frozen”?...

Last updated on .
How helpful do you find the information on this page?
Please tell us why this page wasn't helpful
About text formats

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.

Table of Contents

    NEWS

    News & publications

    The news about recent activities for needed peoples.

    More News

    25 Aug 2017

    Court Rules that Same Sex Parent can Move Forward with Discrimination Suit Against the State of Idaho

    In an important step in securing equal rights for same-sex couples, a federal court ruled yesterday that an unmarried, lesbian mother can continue her fight to be recognized as the parent daughter.

    Continue Reading

    17 Jan 2017

    ILAS receives funds to help seniors from Idaho National Laboratory

    IDAHO LEGAL AID RECEIVES $1,440 GRANT Idaho National Laboratory, on behalf…

    Continue Reading

    Our Partners

    LSC's support for this website is limited to those activities that are consistent with LSC restrictions.