Category Archives: Foreclosure

Will Surrendering Property Forfeit a Debtor’s Homestead Exemption?

When a debtor files for a Chapter 7 bankruptcy, he or she can make use of certain exemptions. Exemptions allow a person to keep personal property, such as a home, car, pension and other personal items. Homestead exemptions can be … Continue reading

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Will Bankruptcy Stop Foreclosure?

While some consumers have been able to avoid foreclosure through loan modification, others complain that lenders often “lose” paperwork and then deny their modification because “the application was incomplete” or the loan modification process takes so long that the mortgage … Continue reading

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