The chapter of the Bankruptcy Code providing for "liquidation,"(i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.)*
The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. (Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.)*
The legal proceedings initiated by a creditor to repossess the collateral for a loan that is in default. i.e., home, mobile home, land, etc.
*DISCLAIMER: These resources are created by the Administrative Office of the U.S. Courts for educational purposes only. They may not reflect the current state of the law, and are not intended to provide legal advice, guidance on litigation, or commentary on any pending case or legislation. (Accessed 12.31.2022)
Most know that home ownership (and land) is a key to wealth, so helping to curtail this embarrassing process for so many of our neighbors, your neighbors, seemed to be the right thing to do before the Lord. The number per quarter represents how many homes were scheduled for foreclosure. The next number is the value of homes facing foreclosure in that state. Look at how this has affected so many just in the last few years …
How many foreclosures are already scheduled in your state for 2023? This doesn't have to be YOU!!
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