Title : Bankruptcy and Loan Repayment Plan - How Can They Help to Stop Foreclosure?
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Bankruptcy and Loan Repayment Plan - How Can They Help to Stop Foreclosure?

The current economic scenario has put many in the shadow of foreclosure. Foreclosure occurs when you are unable to pay back your mortgage company. A decade back it was simple to cash in on the booming real estate market but the unexpected downturn has left many in a lurch. Here are a few suggestions to help stop foreclosure.
o If you are finding it impossible to manage your house hold expenses as well as pay your mortgage, then you can declare yourself bankrupt. Declaring bankrupt under chapter 13 will give you temporary foreclosure stop.
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