Posted on: 19th Jan, 2011 01:05 pm
I was told that if the second is secured to the home then I wouldnt be able to claim it on a chapter 7 or 13. If it goes deliquint and into collections would i then be able to claim it.
hi budman!
welcome to forums!
if you file chapter 7 and include the second mortgage in your bankruptcy filing, then you will be able to get it discharged. however, if you wish, you can reaffirm the debt and pay off the loan. in case the account is sent to collections, then you will be able to get it discharged.
feel free to ask if you've further queries.
sussane
welcome to forums!
if you file chapter 7 and include the second mortgage in your bankruptcy filing, then you will be able to get it discharged. however, if you wish, you can reaffirm the debt and pay off the loan. in case the account is sent to collections, then you will be able to get it discharged.
feel free to ask if you've further queries.
sussane