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Certain types of debts are not dischargeable under Chapter 7: taxes; debts for alimony; maintenance or support, for most student loan debts; and debts for money or credit obtained through the use of false financial statements...
You must act immediately after getting the NOD but in no case may you wait past the trustees sale. After the sale, someone else owns your property, and you cannot get it back without re-purchasing. However, before the trustees sale you have options and should explore your options with an attorney. There are rare circumstances where you can undo a trustee's sale. However, it is best not to let your situation get this far.
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