Re: mortgage past due, & CH.13

Posted by Terri (205.188.208.41) on June 18, 2003 at 22:39:10:

In Reply to: Re: mortgage past due, & CH.13 posted by jo on June 17, 2003 at 20:44:11:

See a good Bankruptcy Lawyer. If you are that far in debt and the house is in foreclosure or pending foreclosure, you need to do a Chapter 20. That is a Chapter 7 and Chapter 13.Filing the Chapter 7 first will freeze (temporarily) a foreclosure action and at the same time the chapter 7 will eliminate most of your unsecured debt. Once the Chapter 7 is discharged by the court, the bank is now open to starting foreclosure proceedings. This is when you file a Chapter 13 which will allow you to pay off mortgage arrears and other secured debt thru a repayment plan.

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