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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Stalling helps Posted by Ward-CA- on July 29, 2003 at 7:53 AM In Reply to: Re: CH 7 posted by J. SHROUT on July 28, 2003 at 9:53 AM : But cant the lender or whoever is holding the morgage apply to be "uncovered" from the umbrella of bancruptcy and then the filer is still obligated to pay the loan or lose their home? Please respond...thanks. : J. Shrout =-=-=-=-==--=-=-=- Yes, the creditors can petition for Relief From Automatic Stay and ultimately get it. The point of filing an Emergency Petition in Chapter 13 is to get “enough time” to complete your foreclosure solution (either a refinance, a resale, etcl). Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : But cant the lender or whoever is holding the morgage apply to be "uncovered" from the umbrella of bancruptcy and then the filer is still obligated to pay the loan or lose their home? Please respond...thanks. : : J. Shrout : =-=-=-=-==--=-=-=- : Yes, the creditors can petition for Relief From Automatic Stay and ultimately get it. The point of filing an Emergency Petition in Chapter 13 is to get “enough time” to complete your foreclosure solution (either a refinance, a resale, etcl). Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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