Question:

I want to file bankruptcy to stop a foreclosure, to buy more time to get a short sale, the deed is joint?

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If I file bankruptcy, will it stop the foreclosure? We have been trying to sell the house since Jan. We have sent in two short sale offers and both were denied. The house is now in the foreclosure status and I am afraid we are running out of time. Also, if I file bankruptcy, will it affect my ex if he is still on the deed? If so...can he file a quick claim to release his name from it? Will the bankruptcy completely stop the foreclosure...or will it continue with my ex? Is there even an option where I can let the house go, have a clean slate and continue to start over once I file bankruptcy. Will they still go after my ex or just take the house?

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  1. You need to speak with an attorney. Call the attorney who represented you in your divorce. He or she should be able to advise you.

    It could be that foreclosure would not be as bad as bankruptcy and you may be able to rent and put your life together without the hassel of bankruptcy. Also what about your ex? Would he or could he take over the house?


  2. Simply filing for bankruptcy isn't as simple as it was say 4 years ago.

    Secondly filing for bankruptcy would take time and by then the house is yours no more. sorry.

    I wish you the best of luck. And who knows check government agencies because I know some housing bill was recently enacted to bail out the lenders (at tax payers expense!), so maybe there are provisions to bail you out too.

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