I have a question about my chapter 7 reorganization

Attorney answers (6)

1. 

   Matthew Johnson

   Seattle Chapter 7 Bankruptcy Attorney

   Contributor Level 17

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   Answered August 29, 2012 13:52. A chapter 7 is not a "reorganization", a Chapter 13 and Chapter 11 for businesses are "reorganizations".
   
   If you file for a Chapter 13 bankruptcy you can set up a payment plan which must include the principal loan on your home and if you can afford it, you can probably keep your home. If you cannot make the payments, it might be better to let the home go and file under Chapter 7 if you fall under the means test.
   
   Contact a local attorney to talk over the details in depth

   Matthew Johnson phone# 206.747.0313 is licensed in the State of Washington and performs bankruptcy, short sale... moreMatthew Johnson phone# 206.747.0313 is licensed in the State of Washington and performs bankruptcy, short sale negotiations, and estate planning in Whatcom, Skagit, Snohomish, King and Pierce counties. The response does not constitute specific legal advice, which would require a full inquiry by the attorney into the complete background of the facts and circumstances surrounding this matter; rather, it is intended to be general legal information based on the limited information provided by the inquirer; it This response also does not constitute the establishment of an attorney-client relationship, which can only be established after a conflict of interest evaluation is completed, your case is accepted, and a fee agreement is signed. Johnson Legal Group, PLLC less

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2. 

   Peter WestonPro

   Bellaire Bankruptcy Attorney

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   Answered August 29, 2012 14:16. Having a complicated case, is a good reason to have a bankruptcy attorney assist you.
   
   As my colleagues have said, chapter 7 is not a reorganization.
   Either you get current and keep current, and decide whether or not to reaffirm the mortgage, or you need much more assistance.

   General legal advice is offered for educational purposes only. A consultation with a qualified attorney is... moreGeneral legal advice is offered for educational purposes only. A consultation with a qualified attorney is required to determine specific legal advice as to your situation and applicable law. We are a debt relief agency and we help people file for relief under the bankruptcy laws. less

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3. 

   Robert A. Stumpf

   Staten Island Bankruptcy Attorney

   Contributor Level 18

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   Answered August 29, 2012 13:52. Chapter 7 is not a reorganization, it's a liquidation, not by any means the same thing.
   
   You need to speak to an attorney if your case is complicated, and even if it isn't. Are you current on your mortgage payments? That is the key factor, I think though.

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4. Licensed in RI

   

   Carl P DeLucaPro

   Warwick Personal Injury Lawyer

   Contributor Level 12

   

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   Answered August 29, 2012 14:12. The RI Bankruptcy Court has an excellent Loss Mitigation Program that is designed to help you keep your home. Please feel free to contact me or any experienced attorney to discuss your situation. 401 732-4420.

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5. 

   Dorothy G BuncePro

   Las Vegas Chapter 7 Bankruptcy Attorney

   Contributor Level 20

   

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   Answered August 29, 2012 15:39. As long as you can describe your question in 4,000 characters or less, you may ask us the question. Just don't try to use legal terminology you don't understand or you will receive replies that say your question doesn't make sense. It is okay to be human with a lawyer & use everyday language.
   
   Hope this perspective helps!

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6. 

   Michael GreenbergPro

   Philadelphia Speeding / Traffic Ticket Lawyer

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   Answered September 02, 2012 07:04. Please consult with a local bankruptcy attorney.

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