Posted on: 17th Sep, 2010 12:51 pm
if you get a deficiency Judgement can a chapter 7 Stop it?
Hi ronaldhill,
If you file Chapter 7, the court will initiate an automatic stay which will stop the lender from taking any actions against you. If you include the deficient balance in your bankruptcy filing, then you can get it discharged and you won't be liable for paying it.
Thanks
If you file Chapter 7, the court will initiate an automatic stay which will stop the lender from taking any actions against you. If you include the deficient balance in your bankruptcy filing, then you can get it discharged and you won't be liable for paying it.
Thanks