How Do I Continue Paying on My Car or Mortgage After I Have Filed but Before the Reaffirmation Is Filed with The Court in Minnesota?
Once your case is filed, an automatic stay goes into effect. The automatic stay is a court order mandating that none of your creditors can continue collection actions while your bankruptcy is pending.
How Do I Stop or Postpone the Foreclosure of My House?
In general, you have 4 options in order to delay the date of the foreclosure sale and which one you choose depends on what you wish to accomplish, the first 3 I’ll mention assume you wish to keep the house, the last option assumes you wish to let the house go, but stay in it as long as possible:
What Do I Bring to The Meeting of Creditors?
There are 2 things you must do after your case is filed: (1) attend the meeting of creditors (aka the 341 hearing); and (2) complete a debtor’s education course via phone within 75 days from the date your case was filed. The 341 hearing is sometimes referred to as the meeting of creditors because your creditors can attend the meeting and ask you questions about the information contained in your petition.
What Is Mortgage Modification and An Automatic Stay?
Mortgage modification is not part of bankruptcy. When we talk about mortgage modification, this is something that is relatively new. In general a mortgage modification is when your lender determines whether they will allow you to change the terms of your mortgage and modify it.
What Is the Role of A Bankruptcy Trustee in Chapter 7 Bankruptcy?
A chapter 7 bankruptcy trustee is a lawyer hired by the court and appointed to chapter 7 bankruptcy cases that are filed in a particular county or jurisdictions. The role of the chapter 7 trustee is to review the documents filed by the debtor and in chapter 7 to make sure that the assets are properly listed and that the exemptions claims are appropriate under the circumstances.
Save Your House with Chapter 13 Bankruptcy
If you’re behind on your mortgage payments and want to know how to save your house from foreclosure, call Atlas Law Firm today. A chapter 13 bankruptcy can stop the foreclosure sale and suspend your creditors from demanding immediate payment of the amount you’re behind on.