While bankruptcy is not an instant cure for foreclosure, it could help you save your home, depending on which type of bankruptcy you file.
A Chapter 7 bankruptcy, in which most of your assets are liquidated and sold to your creditors, will halt a foreclosure case for a short time, but it will not prevent a foreclosure.
A Chapter 13 bankruptcy, in which you enter into a repayment plan on your debts, can save your house from foreclosure if you make all payments under the repayment plan.
You should contact a bankruptcy attorney to determine whether or not a bankruptcy could help you save your home and deal with other debts you have.
To find a bankruptcy attorney, contact:
The Cleveland Metropolitan Bar Association
Lawyer Referral Service