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Re: Bankruptcy


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Posted by JR (64.12.96.205) on July 27, 2003 at 00:24:52:

In Reply to: Bankruptcy posted by Jim on July 26, 2003 at 23:45:48:

You're already half way through the sol. Is there a particular reason that you need to file bk?

Chapter 7 is when you have credit card debt and are behind in mortgage payments which you can't get caught up on.

Chapter 13 allows a homeowner to divide the past due mortgage payments over 3 to 5 years and be able to keep their home.


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