---

can a repossesion or foreclosure be dixcharged in bankruptcy

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
gerrie3 Joined: 05 Feb 2011 Posts: 1 1.27 Dollars($)	Posted: Sat Feb 05, 2011 2:55 pm    Post subject: can a repossesion or foreclosure be dixcharged in bankruptcy Like 0 Dislike 0 Our mortgage company sent us a 1099 for the year 2010 showing that the mortgage due on our previous home when they repossessed the property was $118,00 in June 2010 and the present value is $60,000. Can this 118,000 be discharged if we file chapter 7 bankruptcy
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Mon Feb 07, 2011 3:11 am    Post subject: Like 0 Dislike 0 If you file Chapter 7 bankruptcy, then you won't have to pay the deficient balance of $118,000 as it will get discharged. _________________ Good is the Enemy of Great.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0