Hot Springs Village, AR asked in Foreclosure and Bankruptcy for Louisiana

Q: what are the laws on fileing bankrupcy after foreclosure pprocedures have started

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1 Lawyer Answer

Robert Martin Louque Jr

Answered
  • Bankruptcy Lawyer
  • New Orleans, LA
  • Licensed in Louisiana

A: You must file your bankruptcy before the sheriff's sale if you are trying to save your home. Louisiana does not really have a right of redemption once the house is sold at sheriff's sale (it exists but only if the bank is the purchaser and there are some unusual additional circumstances). If you looking to save your, a Chapter 13 is your best option.

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