Does anyone have any advice or information about what will happen if I file for Chapter 7 bankruptcy when I am on a repayment plan with my mortgage company? I am a little less than 2 months behind, but have already started making payments on the plan. Thanks!
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Its a risk to file, but if they have already accepted a repayment plan, all they should do is turn that plan into what is called an "Adequate Protection Order". The APO is in lue of a Motion to Lift the Automatic Stay (to foreclose).
Speak to an attorney in your area, consultations are typically free. -
In your opinion, is an adequate protection order common and will the mortgage company be willing? also, should I call the mortgage company before I file and let them know what is going on, or should I file first? Please advise. Thank you.Comment
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