What happens to my foreclosed mortgage debt if I switch from Chapter 13 to Chapter 7 bankruptcy?
In Jan. 2008 I filed Ch. 13 in a frantic attempt to keep my home. In the end, I ended up losing the property due to raising ARMs. I am still in the Ch. 13 and am wondering if I couldn’t switch to a Ch.7 instead? If I do switch to a chapter 7 can my mortgage debt be included in the Chapter 7 or can they go after the co-signor at that point?
Posted September 13th, 2009 in Bankruptcy Q And A. Tagged: ch 7, chapter 7, frantic attempt, mortgage debt.
Please do yourself a favor and check with your attorney.
This question and the answer are so critical to you that you need true expert advice from an attorney. And you already have an attorney. Call their office and ask.
Don’t rely on any answers from here.
Good luck.
September 13th, 2009 at 7:01 pmThey may be able to attempt to collect the debt from the co-signor … it depends on your state law. Contact your bankruptcy attorney to discuss these issues in your specific case. Don’t rely on what you read on the Internet, which may not apply in your state, or in your specific situation.
September 13th, 2009 at 7:01 pm