Summary
(This article originally ran in the Wisconsin Law Journal, Milwaukee, WI, another Dolan Media publication.)
Serial bankruptcy filing can occur a number of ways. One scenario involves an individual who commenced a Chapter 7 or 13 prior to the foreclosure of a mortgage on that person's home. An automatic stay would immediately halt the foreclosure proceeding.See the full content of this document
Extract
Cracking Down On Serial Bankruptcies
If the debtor's case were dismissed, the debtor would turn around and file a second petition, reestablishing the automatic stay before the secured creditor c...
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