One of the best way for an individual to save their home and negotiate more favorable terms of their mortgage is to submit a Home Mortgage Loan Modification to your mortgage holder (whether it be a bank or a private mortgage company). This Overview provides some helpful basic info on Loan Mods.
The pillar that holds up the Bankruptcy system in the United States is honesty. Bankruptcy petitions must be signed as to their accuracy under the pains and penalties of perjury. The heavy lifting in a bankruptcy case is usually the debtors making a forthcoming and complete of debts and assets.