Posted on: 08th Mar, 2009 04:10 pm
i filed for bankruptcy in june '08. all debts were discharged but I recieved a 1099-A from a lender where it states the FMV is greater than the outstanding principal. am i responsible for the remaining balance?
hi rook!
welcome to forums!
as your debts were discharged under the bankruptcy, you will not be personally liable to pay off the remaining balance. but if you had filed chapter 7 bankruptcy and reaffirmed the mortgage after discharge, then you will be liable to pay it off.
feel free to ask if you have further queries.
sussane
welcome to forums!
as your debts were discharged under the bankruptcy, you will not be personally liable to pay off the remaining balance. but if you had filed chapter 7 bankruptcy and reaffirmed the mortgage after discharge, then you will be liable to pay it off.
feel free to ask if you have further queries.
sussane