Darwin, CA Bankruptcy Law Firms & Lawyers

In Colorado, foreclosure after chapter 7 bankruptcy is likely if you are not current on your mortgage payments. For debtors who want to keep their homes in chapter 7 bankruptcy, it is important to be current on the mortgage payments at the time of the bankruptcy filing and keeping current thereafter. The fact that you kept current on your mortgage payments during the bankruptcy didn't get you out of default status, since you are still in default the lender may foreclose on its lien [even though the underlying debt has been discharged (absent reaffirmation) since the underlying lien survives the bankruptcy generally]. For debtors who want to keep their homes and are behind in their payments, chapter 13 bankruptcies gives the debtor the option of curing the default over time in the chapter 13 payment plan. If you have reaffirmed the 1st or 2nd mortgages, you should consider revoking the reaffirmation agreement(s) if not too late (it is too late if 60 days have passed since it was filed with the court).

Unfortunately, many companies make hiring decisions based on information contained in credit reports. Your bankruptcy would be shown on your credit report and may very well have caused prospective employers to shy away from offering you employment. You may wish to address the issue of your bankruptcy upfront and explain it rather than having an employer discover it during an employment check. That way you get to frame the issue and possibly assuage any worries a prospective employer might have. Good luck in your job search.