Upcoming Foreclosures

About bankcruptcy law in California?

I overheard a conversation about someone bought a house in LA during the good time and since the sub prime loan, she finds that her house instalment is very expensive as housing interests went down. So she decided to stop remitting monthly house instalment and awaiting for foreclosure and she would declare bankcruptcy. Now, what are the consequences would be if she really do that. What are the advantage and disadvantages..( I HEARD THAT SHE IS ON GREEN CARD)

Public Comments

1. Below is the link information of the bankruptcy laws in California.
2. The Los Angeles County Bar Association has a referral service that can schedule a 30 minute consultation with a Bankruptcy Lawyer anywhere in LA County. Have your friend call them at 213-627-2727... they also have a smartlaw service which is an automated service that gives legal information regarding different areas of law, bankruptcy is included... if you prefer to use their website, it is www.lacba.org or www.smartlaw.org good luck to your friend!