Legal Question in Bankruptcy in California

Bunkruptcy filing

I was laid off from work and have no income. I am considering bankruptcy. I would like to keep my house which the creditors are now theatening to foreclose. What can I do to stop the foreclosure. I stil want to be able to pay on smaller debts.


Asked on 4/03/02, 3:11 pm

2 Answers from Attorneys
Victor Hobbs Victor E. Hobbs

Re: Bunkruptcy filing

You're a prime candidate for a Bankruptcy Chapter 13. As soon as you get some regular income coming in. So your real problem is that you need a job or some regular source of income.

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Answered on 4/03/02, 3:20 pm
Ken Koury Kenneth P. Koury, Esq.

Re: Bunkruptcy filing

To expand on Victor's reply, if you cant get a job to qualify for a 13 then you may have to file a 7 to stop forclosure and sell the house to get your equity out.

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Answered on 4/03/02, 6:53 pm


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