If you are facing a foreclosure sale, then filing a chp13 bankruptcy will stop the foreclosure sale. Additionally in the chp13 you will be able to reorganize the debt to the extent whatever you owe will be spread out to 60 months to be paid off. Depending on your income, certain debts like unsecured debts (ie credit cards, personal loans, medical, etc) can be discharged meaning wiped away.
Contact a local bankruptcy attorney to give you a free consultation to discuss your options.
If you reside in Houston, feel free to contact my office which provides a free consult to discuss your case
Answered on Mar 26th, 2018 at 6:16 AM