Pacifica, CA Bankruptcy Law Firms & Lawyers

Filing a bankruptcy can delay a foreclosure sale if you are on the title to the property, even if you are not on the note. But you need to be realistic. If you are considering Chapter 7, delaying a sale for a few months may not give you the result you are looking for. You need to consider whether you can afford to proceed with a Chapter 13 in order to bring all of your mortgage arrearages into current status and resume making ongoing mortgage payments.

The bankruptcy law is the same for everyone. Most people on social security disability do not need to file bankruptcy and receive little or no benefits from going through this process.

You should consult with a bankruptcy attorney to determine if filing is right for you. You are responsible for the payments on the car. The lender can come after you. A bankruptcy would likely result in repossession of the car as it would both discharge any payments in arrears and your obligation to pay under the finance contract. It would remove your responsibility, but it may have other negative repercussions on your credit and obligations.