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Help with home foreclosure and bankruptcy?

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I am the middle child of a 3 siblings and possibly am the most concerned about us losing our home (sounds a bit overwhelming doesn't it?). After my parents divorced, we lost a lot of money towards the mortgage payments and the recession didn't help much either. my parents were both uneducated and work was hard to come by so we were lucky if we made $800 a month at the most. we lost the house but were living in it rent free for about 1 1/2 years until they could find someone to buy it. we searched for houses in the area (but unfortunately, they were all too expensive) and moving to another town was out of the option because my mom wanted to keep us in the schools we were in. I read on a couple of websites of options we could take to save our home (keep in mind that it is already foreclosed, but we haven't been evicted until it's bought). I read about Chapter 7, Chapter 13, filing for bankruptcy and a whole bunch of other steps we could take but I'm not sure which one we should do.

Could someone provide information on each one of the above listed (and any others you think might help save our home). And which one sounds like it could help our family in this situation the most?

THANKS SO MUCH FOR THE INFO AND THE HELP! I REALLY APPRECIATE IT!

I would visit diylegalinfo.com/bankruptcy_Links.html/ They have a lot of good information on bankruptcy questions.

loan-seeker.info/mortgage-loans/ has mortgage requirements, good lenders and mortgage rates, how to get approved for a mortgage, and all other laws and information.

You are going to have to move. That will be more difficult if your parents file for Bankruptcy before the move. You should try to move before you are served an eviction notice as that also makes it very hard to rent any housing.

Your parents need to contact a social services agency and see if there is any Sec. 8 help available. if not, you may need to seek a shelter until your parents can find something they can afford. Staying in that community may not be an option.

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When I file for bankruptcy tommorow will it get rid of payday advances I have?

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Tommorow Im fileing for a chapter 7 banruptcy because I have accumilated about $125,000 in back medical bills and what I wanna know is I have a cash advance out and this is in michigan and will the fileing put a stop to the cash advance and make it so I dont have to pay it? or is a cash advance a secured loan or is it a unsecured? because the chapter 7 wont get rid of my secured loans.

"Bankruptcy" is a reorganization of your debt, it doesn't somehow magically "make it go away"! the court will decide what you must pay to whom and when you must pay it…

Anyone you list as a debtor will be included. even secured loans can be included, but you will likely need to forfeit the security…

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California plant seller files for bankruptcy

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Bankrutpcy News » Bankruptcy By Eric SandersonMay 25th, 2011

A wholesale potted plant company in San Mateo County, California, recently filed for Chapter 11 protection.Nurserymen's Exchange plans to sell to new owners over the course of the next two months, as well as rid itself of 28 acres of land for approximately $8 million, according to a report. The company is the largest supplier of indoor plants in the county.The company was hurt by the recession, and in order to pay off debts it borrowed close to $15 million from Wells Fargo Bank, according to the San Mateo County Times. Nurserymen's owes more than $9 million to multiple creditors and contractors.The plant seller made a variety of cuts, and saved $10 million in the process, the news source reported. Despite this, last year it was forced to lay off approximately half of its workforce.The company made more than $62 million last year and has already reported close to $51 million in earnings this year, according to the news source. RL Communities, a firm from San Ramon, had conversations with Nurserymen's owners to purchase the large amount of undeveloped land, but a buyout will not occur until at least July.

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<a href="http://www.bankruptcyhome.com/bankruptcy-news/800515372/California-plant-seller-files-for-bankruptcytag:news.google.com,2005:cluster=http://www.bankruptcyhome.com/bankruptcy-news/800515372/California-plant-seller-files-for-bankruptcyWed, 25 May 2011 15:11:16 GMT 00:00″>California plant seller files for bankruptcy