Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Chapter 7 and foreclosure

  • Filter
  • Time
  • Show
Clear All
new posts

  • Chapter 7 and foreclosure

    I am facing foreclosure (2 months since last payment) and planning chap 7 file in October. I am so nervous about finding a place to rent! Will it be really hard? What have you done to secure a roof over your head? I am sick to death worried! Any advice, thank you!
    Discharge date: October 2017 (will it ever get here?)

  • #2
    Stop worrying . Only in default by 2 months you likely have a year or more before you have to move.
    Best bet may be small landlords as opposed to national apt. rental companies.


    • #3
      Thank you for the reply. Even in this market there is still the possibility of me staying here for another year? Oh my I hope you are right!

      I have been on the fence about doing this for so long, there is a part of me relieved and another part of me freaked out.

      But it is a buyers market here in so. cal and a renters market too. There is not a lot of inventory and also not a lot of rentals. As soon as something comes up on craigs list, its taken.

      I hope I have at least a year!

      Is Craigs list a good way to go?
      Discharge date: October 2017 (will it ever get here?)


      • #4
        Hi, yes you are probably looking to be there at least a year before all is said and done. If you do file in October the bankruptcy will stop the default/foreclosure process until it is discharged and closed. So add the 3 or 4 months of the bky process to your timeline. Being that you are only 2 months behind at this point you are not even in the notice of default stage letter yet (usually 90 days or more) so relax. Do not get nervous when you do start receiving those letters from the bank as they are kicked out of a machine when certain things trigger the event (like you are 90 or 120 days behind whatever is their trigger point).

        In the mean time research bankruptcy chapters (7 and 13) and be as prepared and knowledgable as possible. Start to make your attorney consult appointments (first appointments are free), make 2 or 3 to start and keep going and asking questions until you find the right one. Read all the stickies posted at the top of these threads they are a wealth of information. Read, read, read everything you can on this site, you will not regret it. Also research and setup (its free) a Google Voice account on your computer and turn it on. It will be your life saver once the collectors start in, you will be very happy you did!

        Last but not least, plan out a bankruptcy plan/timeline on paper. If you have not already done so and you are sure you are filing in the fall (at this point it sounds like you have some time on your side) stop paying all your unsecured debt as it will be discharged in the bankruptcy (if you do chp 7) and you would be wasting money you could be saving. Start saving the money you would spend on mortgage and credit cards towards the day you will have to move and your attorney fees. Relax and take a breath you will get through this as long as you have a plan. You will see you have options and you have control, you will be ok!


        • #5
          My husband and I didn't miss a mortgage payment until a month before we filed and we have not had an issue finding a place to rent. However, where we are located the landlords are not big companies, but an individual entity, so they often do not require a credit report or want you to print your own one off. I imagine it might be much more difficult or next to impossible if you have to go through a property management company, and some individual landlords may be a touch more discriminating. We have a very good friend that is going to be putting her house up for rent and told us that she will be requiring a credit check...we asked her (she knows our situation) if she wouldn't rent to a family like us and she said "Absolutely not. I want tenants with perfect credit". So, it's just hit-or-miss sometimes.

          I think you should save up as much money as you can and go from there. Oh, and we were in Idaho...we haven't made a mortgage payment since March and just got our sale date...December 18th. So a good 9 months from missing the first payment to sale date.


          • #6
            It will take a while for the foreclosure, and you will get plenty of notice before - like a 60 day notice of the auction date. In CA, a year before foreclosure is not uncommon, but that time is shortening.

            As far as renting, if you save what you would normally pay for your mortgage, that makes a very nice deposit for a landlord to consider. Be up front with them about your BK, and see what they say. Offering a 2 or 3 month deposit as security will often turn a no into a yes.

            One big heads-up - check out the property before renting. Public records will often tell you or give you a hint about the property and the the owner about to be foreclosed on the property? Etc.


            • #7
              Thanks! I have heard of people trying to rent out homes that are in foreclosure, so I will keep my eye open for that. Yes, maybe paying like 6 months rent in advance will look appealing! I also have a friend with good credit that said they would co-sign, so that might help.

              I have been delaying this for some time and finally facing the reality of it.

              Sucks, but it is what it is.

              Thanks for the support and advice.
              Discharge date: October 2017 (will it ever get here?)


              • #8
                If you believe that renting will end up costing more than your mortgage, then you should consider a home loan modification, and staying and paying until better comes along. The only problem is you'd still be responsible for home repairs, etc. It's good that you're delinquent. Banks are more willing to work out a modification when you're in default. Good luck.
                Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!


                Unconfigured Ad Widget