elitehomeofferWill bankruptcy protect me from foreclosure?

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By declaring bankruptcy, you will temporarily halt the foreclosure process. However, secured debts such as mortgages cannot be discharged by the courts. During the actual bankruptcy process, your lender cannot so much as attempt to collect debt; however, once your bankruptcy is complete, you will once again be responsible for your mortgage payments. For homeowners who can reasonably expect to catch up with their mortgage payments after the bankruptcy process is complete, bankruptcy might make sense. Chapter 7 bankruptcy will at least delay the foreclosure process, buying time for homeowners while potentially resulting in the discharge of many of their debts, possibly including their mortgage. http://www.elitehomeoffer.com/blog/

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