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Mortgage Community Forums | Mortgage Problems and Solutions | If we file nankruptcy can we leave out our mortgage.

If we file nankruptcy can we leave out our mortgage.

Posted on: 14th Nov, 2010 06:42 pm
If we file bankruptcy in Texas can we leave out our mortgage. We can afford to keep paying it and want to protect my mom who co-signed. Also could we file chapter 7 if we pass the means test.
Hi bambambeth,

Though you file bankruptcy, you can leave out your mortgage. You don't have to include your mortgage dues in your bankruptcy filing. You will be able to file Chapter 7 if you pass the means test.

Thanks
jameshogg
Posted on: 14th Nov, 2010 11:00 pm
YES you do not have to include the mortgage when you file, but you should consider all options before you file for BK. It severely impacts credit.
ki2
Posted on: 19th Nov, 2010 08:17 am
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