CAN I DO A CHAPTER 13 BANKRUPTCY TO SAVE MY HOUSE?

Yes, if you are employed and want to pay for your mortgage arrears over a 3 or 5 year period, then this may be the right bankruptcy for you. You can also include other debt such as credit card debt or personal loans.

CAN I STOP A FORECLOSURE BY A CHAPTER 7 OR 13 BANKRUPTCY?

Yes, a Chapter 7 or Chapter 13 bankruptcy would stop a foreclosure proceeding, but may not prevent it. In effect, a Chapter 7 bankruptcy will allow you the time to negotiate with the mortgage company. A Chapter 13 will put your mortgage arrearages into a payment plan as long as you are employed and able to continue to pay your present mortgage along with the payment plan.