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Home > Money & Services > Bankruptcy & Debt   »   bankrutpcy

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Old May 11, 2008, 09:16 AM
57fisher
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Will filing bankruptcy payoff my mortgage and small business loan which also have a lien on my home?

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Old May 11, 2008, 10:12 AM   #2  
Fr_Chuck
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I am assuming this was a new question, I have moved it to its own thread, if you have a question, this is not a blog, you need to start and ask a new question, not add your question as a answer to someone elses question.

If you file bankruptcy, the mortage of your home or other lien is not paid off unless you give that property to the court to be sold.

If you let the court take your business and your mortage and sell them, then yes all of those debts will be discharged.

If you want to keep your home you have to re-affirm that debt and not only keep paying it, but you have to bring it current
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