When being foreclosed upon, you have 30 days to come to an agreement with your creditors. This time frame starts as soon as your lenders post notice of intended foreclosure.

Unfortunately, 30 days is not long enough to resolve a foreclosure for most people. However, if you file for bankruptcy, you will receive an automatic stay, giving you more time to negotiate with your lenders and possibly avoid foreclosure altogether.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.