Posted on: 21st Feb, 2011 05:01 pm
i am seriously considering filing bankruptcy after having to now live on ssdi. i live in nc and want to know if i can include my mortgage in the bankruptcy and still keep my house?
Hi wlb,
You can include the mortgage in your bankruptcy filing. If you file Chapter 7, then you will have to reaffirm the loan and pay off the dues on time to the lender and save the property. The reaffirmation of the loan will make you personally liable for the mortgage payments. If you file Chapter 13, then you will get a repayment plan to pay off the loan and save the property.
You can include the mortgage in your bankruptcy filing. If you file Chapter 7, then you will have to reaffirm the loan and pay off the dues on time to the lender and save the property. The reaffirmation of the loan will make you personally liable for the mortgage payments. If you file Chapter 13, then you will get a repayment plan to pay off the loan and save the property.