Tag Archives: chapter 13 bankruptcy

Mortgage lender requested relief from the automatic stay?

Recently on our legal forum a user asked, “I have recently filed Chapter 7 bankruptcy. I thought filing bankruptcy prevented creditors from collection activity including pending foreclosures, evictions, wage garnishments, and law suits. Soon after the bankruptcy filing, however, I got a notice that my mortgage lender filed for a Motion for Relief from the stay. I am wondering what this means and whether I will lose my home?”

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Buying a house after bankruptcy is it a good decision?

Recently on our legal forum a user asked, “My spouse and I filed for bankruptcy about eight years ago. We lost our house, a car, and several other assets prior to the bankruptcy filing. I feel like we’ve gotten our financial situation back in order. We’ve paid down all our debt, built an emergency savings account, and saved a little for retirement. We’d love to own our own home. What’s your thoughts? How do you know if it’s a good time to buy a house after bankruptcy?”

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