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Archives for April 2015

How to Surrender Your Home under Chapter 7 Bankruptcy

Including the Debts on Your Real Estate in Your Bankruptcy Case First, be aware that both Chapter 7 “straight bankruptcy” and Chapter 13 “adjustment of debts” can help you keep your house. Talk to an attorney so that you are well informed about your options, including what it would take for you to keep your home. Believe it or not, under some circumstances you can significantly reduce your monthly payments, and even reduce the debt against your house by tens or even hundreds of thousands of … [Read more...]

How to Save Your Home under Chapter 7 Bankruptcy

If You Are Current on Mortgage and Other Home-Related Debts A Chapter 7 “straight bankruptcy” is generally designed for more straightforward debt situations, including those on your home. If you are current on all obligations legally tied to your home, and you intend to keep your home and keep up on your mortgage payments, your home and your mortgage will very likely sail smoothly through a Chapter 7 case. This means being current not only on your mortgage (and any second or third … [Read more...]

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