Legal Question in Bankruptcy in District of Columbia
Foreclosure and if bankruptsy
Can forclosure be averted if bankruptsy is filed in the District of Columbia?
2 Answers from Attorneys
Re: Foreclosure and if bankruptsy
Yes. You need to file before the foreclosure sale. Most likely, a Chapter 13 will be necessary, entailing a repayment plan to pay debts in full or in part over time. You will have to make all mortgage payments from the petition date forwards, and cure the arrearage through the plan. We handle these cases regularly, so please call or email if we can be of assistance.
Re: Foreclosure and if bankruptsy
Yes, filing a chapter 13 will stop a foreclosure. The petition must be filed before before the sale date. The court will give you up to 60 months to pay what you are behind on your house back. You certainly can contact me to at my office to discuss the matter in more detail (703) 838 9004. Our office represents many clients in the District of Columbia.