Do I have to file Chapter 13 if my 2nd mortgage has been charged off?

Home value is well below 1st mortgage and we have no plans to move. 1st mortgage is current but due to job loss could not keep up 2nd. What happens if I don’t file Chapter 13?

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Posted July 3rd, 2010 in Bankruptcy Q And A. Tagged: , , , .

2 comments:

  1. Santosh:

    ya collection agency have the right to collect .. for any online help you can visit http://www.mortgage-info.we.bs/

    best of luck god bless

  2. timothy p:

    the debt will be sold to a collection agency for recovery. The collection agency will then have the right to collect on that debt.

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