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will bankruptcy relieve a deficiency judgment?

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susankutuh Joined: 07 Aug 2010 Posts: 1 1.24 Dollars($)	Posted: Sat Aug 07, 2010 6:53 am    Post subject: will bankruptcy relieve a deficiency judgment? Like 0 Dislike 0 If i get foreclosed on my condo-------in fljorida and get a deficiency judgment, will filing for bankruptcy clear this debt?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Aug 08, 2010 10:34 pm    Post subject: Like 0 Dislike 0 Welcome susankutuh, You can get rid of the deficient balance resulting from the sale of the property if you file bankruptcy. But I would suggest you to contact your lender and ask him to forgive the dues. If he agrees to your request, then you won't have to file bankruptcy. _________________ Procrastination is the enemy of your financial success

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