Can Bankruptcy be used to halt a foreclosure on a house?

Yes, you could file a Chapter 13 bankruptcy before the Sheriff's mortgage foreclosure sale. In a Ch. 13 case you pay the mortgage arrears through...

Ch. 7 discharged last year; my house is underwater, if I foreclose or deed in lieu now what happens with the 2nd mortgage?

No your 2nd mortgage cannot pursue you for payment unless you reaffirmed the 2nd Mortgage in your bankruptcy. However, in order to do a short sale...

Is chapter 7 best for eliminating deficiencies on first and second mortgage?

Yes, a Ch. 7 will eliminiate the debt from the 2nd mortgage. The 1st mortgage liability will be taken care of through the foreclosure sale. ...

My online store owes 35000 on bank credit card. Not making money on business. Bankruptcy options? I only owe the bank.

It depends on the "assets" that you have. Some are exempt under Bankruptcy rules such as IRA's, 401(k)'s, etc. Under Federal exemptions, you can...

Should I seek help in repairing my credit to qualify for a home loan?

No, you should not give a credit repair company any money. Most of these businesses are scams and you were right to be concerned. You can't get...

Can a second mortgage company take money from you after chapter 7 was filed against them?

It appears to me that you may be selling your home on a short sale if the mortgage company wants you to come to the table with money. A short sale...

Bankruptcy and filing back taxes.

Contact the IRS for copies of all of your W2's for the past 4 years. Each employer has to file copies of the W2's with the IRS each year and the...

Minnesota Chapter 13 Plan Home Mortgages

No, mortgage arrears and association dues are not listed in Paragraph 3 (Adequate Protection Payments). This provision is generally used for car...

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Can you include returned unpaid checks from your bank in a chapter 7 bankruptcy?

Yes. However, there is a small chance that you could be pursued for "knowingly" writing a bad check, which could be charged as a crime. If the...

If I let my home go into foreclosure will bankruptcy help me get out of the $50,000 it is under water

Another option other than Chapter 7 Bankruptcy, would be to file a Chapter 13 Bankruptcy to lien strip the 2nd mortgage if it is wholly under...