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socrateaser, Attorney
Category: Bankruptcy Law
Satisfied Customers: 38910
Experience:  Attorney and Real Estate Broker -- Retired (mostly)
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if i file the bancruptcy today (in order to save my house)

Customer Question

if i file the bancruptcy today (in order to save my house) and withdraw in 5-10 days will it go to public record and in my credit report? Also, how long can i saty in my house if i file bank. and continue with the process?
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  socrateaser replied 8 years ago.

The bankruptcy won't go on your credit until the judgment is rendered -- which, on your facts will never happen. However, the foreclosure will only be temporarily delayed by the bankruptcy. And, if you yank the bankruptcy, then the lender will be free to foreclose immediately.


Basically, you will lose the house either way -- bankruptcy is only viable to get rid of the possible deficiency judgment(s), and to wipe out credit card and other personal unsecured debts.



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Customer: replied 8 years ago.
i was asking you a question back on february, we filed bancruptcy in order to save house from foreclosure, you advise that bancruptcy 13 will not appear in credit because it will be dissmissed. just want to let you know that it's appear next week!!! any advise now how i can remove it from credit history???