Discharged Bankruptcy And Mortgages
If mortgage payments are discharged in a Chapter 7 bankruptcy are still entitled to charge?
We filed bankruptcy and the administrator discharged everything. It is not an embargo when we presented, we said we could keep our house and now The Bank requires 20000.00 in arrears who is not even correct and filed a notice of default on our property. Is there anything we can do to stop this?
I'm sorry to hear that you are not satisfied in their current situation. When you have filed Chapter 7 bankruptcy, you are allowed to keep your property, you have to keep up. You can reaffirm the debt to maintain, or delivery of the property. Chapter 7 can discharge its responsibility to secure the debt disappears, but not if you want to retain ownership. If you move out home, because the debt of his house has been included in the bankruptcy, your creditors can not legally come after you for money you "need." However, whenever you are at home. Because you have hired insured property, the lender has the legal right to enforce his lien and enforce their rights up to and including foreclosure. Because you do not reaffirm the debt, you can walk away and owe nothing. His statement of intent, said the most likely not to keep you informed. Therefore, at this stage is not the lender the amount necessary to say this afternoon to avoid foreclosure. You have to pay or refinance your home. Another option your lawyer is able to open his bankruptcy. His lawyer could reopen his case and make the case to a Chapter 13. This then you are responsible for the unsecured debt that discharged in Chapter 7 and you need to work with counsel to prepare an acceptable level Best from three to five years payment plan. luck!
Bankruptcy & Foreclosure : What Is Bankruptcy Discharge?
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