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Filing bankruptcy and foreclosure procedures

Asked over 2 years ago - Fort Collins, CO

My job relocated me to Colorado, but my residence is in Maryland as a result of this move to Colorado, I am now in jeopardy of losing my home in Maryland. How can I better deal with this situation in terms of fling foreclosure and bankruptcy procedures, if I am located in Colorado?

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Gailyn Wink

Reputation Level 8

Answered about 2 years ago. Bankruptcy Attorney in Westminster, CO.

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You can file bankruptcy in Colorado if it is where you work and live currently. You will still receive all the benefits of bankruptcy and it will apply to all of your property, including the house in Maryland. Bankruptcy will stop foreclosure proceedings, giving you time to pursue other options with your mortgage lender. You will likely be required to use the property exemptions from Maryland.

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