Re: Foreclosure & Bankruptcy

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Posted by JT-IN on November 20, 2008 at 14:42:21:

In Reply to: Foreclosure & Bankruptcy posted by Mary-VA on November 20, 2008 at 11:27:59:

Foreclosure temporarily ceases ALL collection actions; period. Foreclosure is an act on behalf of a creditor to collect a debt. Bankruptcy court is a Federal Court and the power of their action applies a temporary "stay" to any collection action of a creditor. Attempts by a creditor to collect while a court stay exists is a violation of fed'l law.

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