Posted on: 17th Jul, 2009 03:04 pm
I have 8 rentals that I want to let go. Should I let them be foreclosed or should I file chapter 13. I make good mony, but no liquid assets, adn I am falling firther adn further into credit card debt, but I haev managed to keep current on all loans, crddit score good, but 50K of credit card debt. If wife loses job, or I it will accelerate.
Can I file chapter 13 or can I just let the houses go adn let them foreclosed. I cam still in bad shape no matter what i know
Can I file chapter 13 or can I just let the houses go adn let them foreclosed. I cam still in bad shape no matter what i know
i think your 50k credit card loan is creating a problem for you.
process flow for BK is explained on http://www.mortgagefit.com/bankruptcy/chapter7-chapter13.html .
process flow for BK is explained on http://www.mortgagefit.com/bankruptcy/chapter7-chapter13.html .