Bankruptcy, foreclosures and living the life thereafter 
When homeowners are confronted with impending foreclosure, they often will file for bankruptcy.
The act of filing for bankruptcy causes an “automatic stay,” which stops creditors from taking action, thus preventing a foreclosure, said Michael Sousa, assistant professor at Denver University’s Sturm College of Law.
Sousa said that if homeowners have unsuccessfully tried other means to ameliorate ...Login required
You must be a subscriber to view this content. If you are already a subscriber, please log in below. To purchase a subscription to the CSBJ please click here. Paid subscribers will need to find your seven-digit account number, which is printed each week on your mailing label above your name, and click here to register. Thank you.
Loading ...
