I have taken this very important extract from a paper by Chris Lehane. He used the terms "mortgagee" and "mortgagor" in the paper, which I have changed to "lender" and "bankrupt". I have highlighted bits in red.
1.2 Family Home and Bankruptcy Period
Lender’s Perspective
As Lenders will always seek to recover full repayment of their mortgages they will always wherever possible stay outside the bankruptcy process. From Lender’s perspective staying outside the bankruptcy...
The OA's views on the impact of reducing bankruptcy to 1 year on keeping the family home
1.2 Family Home and Bankruptcy Period
Lender’s Perspective
As Lenders will always seek to recover full repayment of their mortgages they will always wherever possible stay outside the bankruptcy process. From Lender’s perspective staying outside the bankruptcy...
The OA's views on the impact of reducing bankruptcy to 1 year on keeping the family home