How JustAnswer Works:

 
 
 
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
 
 
 
Ask cfortunato Your Own Question
cfortunato, Attorney
Category: Bankruptcy Law
Positive Feedback: 99.6 %
Satisfied Customers: 7952
Experience: Bankruptcy professor.
Type Your Bankruptcy Law Question Here...
cfortunato is online now
A new question is answered every 9 seconds

Can you still file bankruptcy chapter 13 after you have received

Resolved Question:

Can you still file bankruptcy chapter 13 after you have received a sale date for your home and obtain a stay on the forclosure to buy you more time to obtain the funds to reinstate your loan ....if yes how much time does that buy you in the state of new york? thank you for your patience.

Submitted: 1 year ago.
Category: Bankruptcy Law
Picture
Expert:  cfortunato replied 1 year ago.


cfortunato :

Hi JACustomer,

cfortunato :

Yes - you can stop a foreclosure sale, at least temporarily, if you file a Bankruptcy at any point before the house is actually solb.

Customer :

hello sir

cfortunato :

solb should be sold.

Customer :

so if i receive a sale date ....i can apply for bankruptsy 13 and get a stay....how long does it take to be approved what is the time line.

cfortunato :

Even if you have already received the sale date, you can stop the sale if you file at any point before the sale. The sale must stop as soon as you file. You get the receipt of filing within one hour of going to the Bankruptcy court.

Customer :

and if approved before the sale date how much time does that buy me to come up with the funds to reinstate the loan.

cfortunato :

So, basically, you can file up until the day before the sale.

Customer :

how much time does that buy me after i get a stay to come up with the funds to reinstate my loan

cfortunato :

When you file a Chapter 13, you are allowed to pay the mortgage arrears over a 5-year period - in addition to paying the regular mortgage payment every month.

cfortunato :

You have to make the first payment one month after filing the Bankruptcy.

cfortunato :

I think this is what you wanted to know. If not, please let me know.
Thank you.

Customer :

thank you very much ...you have eased my concern greatly...thank you for you time

cfortunato :

You're welcome!

cfortunato :

Please don't forget to hit the "ACCEPT" button.

cfortunato :

Thank you.

Ask Your Own Bankruptcy Law Question
Picture
Expert:  cfortunato replied 1 year ago.

What Happens Now?

Your chat has ended, but you can still work with your Expert to get an answer to your question if you have not yet received one.

Come back to this page at any time to see additional information from your Expert.  You will also receive an email when your question is updated.  If you want to send a message to your Expert, use the box below.

If you have already received a satisfactory answer to your question, click the Accept button above.  Experts are credited for each accepted answer they provide.

Ask Your Own Bankruptcy Law Question
Expert:  cfortunato replied 1 year ago.

Before you leave, please don't forget to hit the "ACCEPT" button.
Thank you.

cfortunato, Attorney
Category: Bankruptcy Law
Positive Feedback: 99.6 %
Satisfied Customers: 7952
Experience: Bankruptcy professor.
cfortunato and 4 other Bankruptcy Law Specialists are ready to help you
Ask Your Own Question Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Positive Feedback:

    98.7 %

    Satisfied Customers:

    3172
    Bankruptcy Lawyer. Experienced.
< Last | Next >
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Positive Feedback:

    98.7 %

    Satisfied Customers:

    3172
    Bankruptcy Lawyer. Experienced.
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2010-12-18_31940_20095644321kumar.jpg WALLSTREETESQ's Avatar

    WALLSTREETESQ

    Attorney

    Positive Feedback:

    99.0 %

    Satisfied Customers:

    2199
    13 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
  • http://ww2.justanswer.com/uploads/TL/tleeders/2012-6-13_204815_TSL1.64x64.jpg Terry L.'s Avatar

    Terry L.

    Attorney

    Positive Feedback:

    99.7 %

    Satisfied Customers:

    2125
    Better Business Bur 15yrs bankruptcy experience. Chicago Bar
  • http://ww2.justanswer.com/uploads/RA/radamkirk/2012-6-14_01125_photo1.64x64.JPG Kirk Adams's Avatar

    Kirk Adams

    Attorney

    Positive Feedback:

    97.9 %

    Satisfied Customers:

    1399
    BV Rated by Martindale-Hubbell; SuperLawyer rating by West
  • http://ww2.justanswer.com/uploads/mnphillips2/2009-03-13_203105_10984459-249293407.jpeg PhillipsEsq's Avatar

    PhillipsEsq

    Attorney-at-Law

    Positive Feedback:

    99.6 %

    Satisfied Customers:

    892
    Licensed in Massachusetts and New York
  • http://ww2.justanswer.com/uploads/CO/cortrightlaw/2011-12-5_4117_Kevin.64x64.JPG cortrightlaw's Avatar

    cortrightlaw

    Attorney

    Positive Feedback:

    99.0 %

    Satisfied Customers:

    459
    Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.
  • http://ww2.justanswer.com/uploads/Jay1968/2006-12-03_004423_JoeRossPhoto.jpg JoeLawyer's Avatar

    JoeLawyer

    Attorney

    Positive Feedback:

    100.0 %

    Satisfied Customers:

    374
    Attorney in the practice of Bankruptcy Law since 1996