Transforming Debt into WealthEven if your credit cards are maxed out and you have a huge mortgage to pay off, you can still get rid of all your debt in about five to seven years - and begin rapid wealth-building - without sacrificing the things that matter most to you!

How long after filing Chapter 7 Bankruptcy would we need to move?

Posted in Personal Finance | 1 Comment »

One Response

  1. Mindy H Says:
    December 25th, 2008 at 11:37 pm 1

    You have a couple of options. If you are wanting to buy time to stay in the home, and find a new place to live. You will have 45 days from the 341(Meeting of Creditors) to surrender the house. If you don’t, then the Automatic Stay will left and they can start getting you out of the house.

    The 341 Meeting normally takes place about 30 days or so after filing.

    However, some creditors will file a Motion For Relief, in order to speed up the Process. If that is filed, then you are probably looking at about 30 days or so before the Order is filed with the court, for the mortage company to move forward with getting the home.

Leave a Answer

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.