ANSWERS: 5
  • Best advice seek a Financial Lawyers do you really want to trust some of the crackerjack box lawyers here with something like this. I know this didn't help but I did find a site that may. http://www.freeadvice.com/all_topics.php
  • Yes, if you sign a reaffirmation agreement with your mortgage company and ALWAYS keep your loan payments current. I know this from experience, as We file dozens of bankruptcies a month in our law office. +4 so
  • Yes, providing you have a steady income and establish a reorganization plan of repayment, through the bankruptcy court. You will need an attorney.
  • It can, but a bank always has the right to foreclose (at least currently) if it chooses. Whenever you have a secured loan (i.e. a loan guaranteed with collateral), the lender has the right to foreclose on the collateral if you breach the loan agreement.
  • Bankruptcy may buy you some time but negotiations will still need to be made with the Mortgage Company to enable you to keep your home.

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