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Foreclosure

Foreclosure

Chapter 13 Bankruptcy Prevents Foreclosure of California Woman's Home

The tale of Chapter 13 bankruptcy and a home.

In re Hileman, 451 B.R. 522 (C.D. Cal., 2011).

The Story of Caridad

Caridad Hileman, a resident of California, filed for Chapter 13 bankruptcy. Unfortunately, her case was dismissed. Determined to avoid foreclosure, Caridad filed again a few months later.

The Automatic Stay 

Exemptions - Protecting property in Bankruptcy

The general goal of bankruptcy is to eliminate debt and provide a "fresh start" to those who have become overwhelmed by financial obligations. Many people erroneously believe that filing for bankruptcy means you lose everything but that would defeat the purpose of bankruptcy. Without a home, vehicle, or household goods and clothing it would be almost impossible to rebuild your life.