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 a Sheriff Sale even after it has already been set. By filing a Chapter 7 Bankruptcy, it will postpone the Sheriff 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 establishes 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 the Sheriff Sale.
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 to stop a Sheriff Sale.
WE STOP INDIANA SHERIFF SALES!
Call to stop your Indiana Sheriff Sale: 317-769-2244