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Problems with Using Bankruptcy to Stop Foreclosure in Colorado Springs

PROBLEMS WITH USING BANKRUPTCY TO STOP FORECLOSURE IN COLORADO SPRINGSMany homeowners feel powerless when their bank sends them a Notice of Default. In this situation, they might consider filing for bankruptcy to stop foreclosure on their house. Knowing that they’re behind on mortgage payments can force borrowers to seek help in unlikely places. If government loan modifications and repayment plans …