Posted on: 03rd Oct, 2008 01:48 pm
My mom is in deep debt and does not have a job. She is retired so she has no income. A creditor put a lien on my parents house. Both of my parents names are on the mortgage and the title and they live in California. Is there a way for my mom to file for bankruptcy without losing the house?
well rebecca, if your mom files chapter 13 bankruptcy and makes mortgage payments as per the repayment plan, then she can protect the home from being taken away by the lender. but is she willing to file chapter 13 or is it chapter 7 that she has thought of filing?
even if she files chapter 7, depending upon the state laws, she may be able to keep the home. i suggest that your mom should consult a bankruptcy attorney for further details.
good luck
even if she files chapter 7, depending upon the state laws, she may be able to keep the home. i suggest that your mom should consult a bankruptcy attorney for further details.
good luck