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will we lose our house when we file chapter 7

Posted on: 14th Sep, 2010 05:24 pm
We owe on our 1st $28,000.00 and on our 2nd we owe $136,000.00 they say my house is only worth #99,000.00
Hi marcie,

If you are including your mortgage and property in your bankruptcy filing and not reaffirming the mortgage, then the trustee can sell off the property in order to pay off your creditors.

Thanks
Posted on: 14th Sep, 2010 08:44 pm
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