Legal Question in Bankruptcy in California

Re: Bankruptcy protect my rental property?

From what? If you are asking if it will protect them from foreclosure, the answer is sort of - it will put in place an automatic stay that prevents any adverse action, however, if you cannot make the payments on the properties, then ultimately the lender can get relief from the automatic stay and continue their foreclosure. If you are asking if the bankruptcy would protect your properties from attachment by creditors, again the answer is "it depends". There are too many factors to go through in this forum - I highly suggest that before you take any action you meet with a bankruptcy attorney and review the specifics of your situation with s/he to see if bankruptcy will accomplish the goals you hope to acheive.

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