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Web Chapter 7 Bankruptcy Doesn’t Stop Foreclosure Outright, But It Does Buy You Some Time (Because Of The Automatic Stay, Discussed Below) And Ultimately Allows.
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It Allows You To Discharge Most Of Your Unsecured Debts Like Credit Cards And Medical Bills But Not Secured Debts Like A Mortgage.
It doesn't have a mechanism to pay off arrears or permanently stop foreclosure. Learn how the bankruptcy rules affect your eligibility for bankruptcy relief under chapter 7…