Stop Foreclosure and Save Your Home: Bankruptcy or Debtors Court?
People do not often associate Bankruptcy with stopping foreclosure and saving their home. However, that is actually one of the main objectives of Chapter 13 Bankruptcy (or Debtors Court, as it is called here in the Birmingham, Alabama area). Unlike Chapter 7 Bankruptcy, where an individual seeks to get rid of his or her debts, Debtors Court involves a repayment plan or debt consolidation plan. When you file a Debtors Court case, federal law will stop the foreclosure sale so that you can save your