Homeowners facing foreclosure in California are under a lot of pressure to take action or risk losing their homes. The reason is that the foreclosure process in California is very swift, and you can lose your home in less than a month. California practices judicial and non-judicial foreclosure processes, but most lenders prefer non-judicial foreclosure processes as it saves time. As a homeowner, there are many options available for you to explore to stop foreclosure. However, if you fear that your home can be sold at any moment, you can file for bankruptcy.

California law allows homeowners to use bankruptcy to stop foreclosure. Suppose a foreclosure sale has not been concluded, you can file for bankruptcy, and it will stop foreclosure immediately. The court gives an automatic order upon the submission of your petition. The order is effective until the court reviews your case, and a solution is concluded. As soon as your lender is aware that you’ve filed for bankruptcy, they will immediately stop the foreclosure process. Depending on the chapter of bankruptcy you filed for, you will be able to negotiate a repayment plan with your lender.

Make sure to hire a foreclosure or bankruptcy lawyer to help you with this process. Your lawyer must not be a jack of all trades. He or she must be an expert in your state laws and be familiar with how the foreclosure is processed in the state. It would be best if you also researched the different chapters of bankruptcy available for your advantage. Determine which is best for your financial situation and discuss your decision with your lawyer. However, do not attempt to file for bankruptcy on your own. Employ the service of a legal practitioner, and it will be worth it.