Archived
We are filing chapter 7 due to loss of job due to bad economy.we have mortgage & equity loan... what happens to equity loan?
Patty's answer
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Answered on October 21, 2010
The lien will remain on your property until the loan is paid off. Since it is a second mortgage, it is unlikely that they will be able to force a...
Archived
How to reafform auto loan in pro se chapter 7 bankruptcy
Patty's answer
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Answered on September 23, 2009
Wait to see of the company holding your loan sends you a reaffirmation agreement. If they don't continue to make your payments on time and it is...
Archived
What is the difference between chapter 7 and chapter 13 bankruptcy?
Patty's answer
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Answered on September 23, 2009
Chapter 7 is a total liquidation bankruptcy where everything is discharged. You are able to continue making payments on secured things, like a...
Archived
What schedule do you use to list federal student loans in a chapter 7 bankruptcy?
Patty's answer
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Answered on September 23, 2009
Federal student loans are listed on Schedule F as a unsecured non-priority debt with an indication that they are student loans. As far as...
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