Bankruptcy filings helped delinquent homeowners reduce the likelihood of a foreclosure auction by 70%, researchers have found.

The "Bankruptcy During Foreclosure: Home Preservation Through Chapters 7 and 13" report, published by researchers from the University of North Carolina at Chapel Hill, analyzed the interplay between actions taken by mortgage servicers to initiate foreclosure proceedings; bankruptcy and state foreclosure laws; and home foreclosure auctions, the final stage of the foreclosure process.

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