CAN FILING AN INDIANA BANKRUPTCY STOP A SHERIFF SALE?

Many times we hear our clients ask, “Can filing an Indiana Bankruptcy stop a sheriff sale?”.  The answer is YES.  Filing an Indiana Bankruptcy will stop a sheriff sale.  Filing a Chapter 7 or Chapter 13 Bankruptcy in Indiana can stop the sale even after it has already been set.  By filing a Chapter 7 Bankruptcy, it will postpone the sale.  There is not a mechanism for the Chapter 7 Bankruptcy to bring the home back up-to-date, so our clients usually try to work out a loan modification or agree to another solution with the mortgage company if they want to stay in the home.

On the other hand, filing a Chapter 13 Bankruptcy in Indiana could also be a very powerful tool to stop a Sheriff Sale and then help the homeowner come up-to-date on the mortgage.  Chapter 13 helps to establish a new payment plan and has a way to pay back arrears during the life of the plan.  If you have a Sheriff Sale already set for your house, don’t think that all hope is lost.  Contact us and we can stop it.

WHAT IF I NEED TO FILE A SAME DAY INDIANA BANKRUPTCY TO STOP A SHERIFF SALE?

Indianapolis Bankruptcy Attorney John Bymaster is often asked if he can file an Indiana Bankruptcy the same day to stop a Sheriff Sale.  Bymaster Bankruptcy Law Offices can file a bankruptcy to stop a sheriff sale the same day.  We are able to file Chapter 7 or Chapter 13 Bankruptcy very quickly, but it does depend on the client’s cooperation.   We will need several items from our clients immediately in order to make this happen.  Below is a list of items that we will need to file an Emergency Indiana Bankruptcy:

  • Indiana Bankruptcy Fees
  • All the required documents required to file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy
  • Clients must take the bankruptcy class before we can draft the petition

Remember, we can help lend a hand so that your road to financial freedom is stress-free and affordable.  Contact us to stop a Sheriff Sale.

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WE STOP INDIANA SHERIFF SALES!

Call to stop your Indiana Sheriff Sale: 317-769-2244

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