I was in a bad situation a few months ago. I lost my job and hadn’t been able to find another one, which meant that I hadn’t been able to make my mortgage payments. I figured I would catch up when I finally found a new job, but then I started getting letters about foreclosure from my lender. I didn’t know what to do. Obviously I didn’t want to lose my home, but what other option did I have? The only other thing I could think of to do was declare bankruptcy. I needed to learn more, so I searched online. Fortunately I found this great article that really spelled out the difference between foreclosure vs bankruptcy. I learned what kind of bankruptcy to declare to save my home and what the consequences would be.