Bankruptcy is a very difficult process in a person’s life.  It is more stressful if your house is being foreclosed.  At the beginning of a bankruptcy case, if before the foreclosure sale date, will stop the foreclosure sale from taking place. Under a Chapter 13 plan, you can make regular monthly payments and be given a reasonable period of time to bring your loan payments up to date to save your property.

Bankruptcy may be the best solution for extreme financial hardship. However, it should be used only as a last resort, since it will have long- lasting consequences in relation to your credit.  For further information, please contact your Winona County Bankruptcy Attorney.