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Equity Stripping

Posted on: 30th May, 2010 01:45 pm
What if while your filing a Chapter 13 and the 2nd mortgage sells to a collection agency and falls through the cracks of the bankruptcy. Are you still liable then, or will it still fall in the bankruptcy?
Welcome Sergio,

As far as I know, an account which is in collections can be included in the bankruptcy filing. You can contact your bankruptcy attorney and trustee and include it in your filing and get it discharged.
Posted on: 30th May, 2010 09:25 pm
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