Originated From
 iSnare

Posted by Cody strader 4 years ago In:

, , ,

Cody strader
Cody strader Asked About 'Ask a Question about the article -- Bankruptcy-Chapter 13 Or Chapter 7?'

If i filed chapter 13,with credit card ,medical ...

If i filed chapter 13,with credit card ,medical bills and first mortgage with the intented to wipe out the second mortgage and the second mortgage was not approved, then can i file a chapter 7 on all the debt except except the two mortgages in hopes to modifiy the mortgages

Liked this question? Tell your friends about it

4 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes
Chibatsu
Chibatsu Answered:

Yes. My mother just went through the same thing.

Add a comment Report
Iwayloan
Iwayloan Answered:

Chapter 13 bk is designed to pay back all of your debts over time. You can take a 13 and turn it into a 7 and that  will wipe all your debt clean. To keep your mortgages you would need to re-afirm them in the chapter 7 filing wich will allow you to keep your house. There is not a way to get rid of the second without loosing the house as the have a lien its just second to the first. I have also filed bk but it was a 7 and prior to the changing to the law. Im not 100% sure but if you have an attorney he should be able to answer you if not the trustee will surley know. Ihope this helps some.

<a href="" rel="nofollow" cl="http://www.nextstepcars.com/" class="comlink">Financial Consulting Team </a>
Add a comment Report
noticeablejewels
noticeablejewels Answered:

With Chapter 13, you need to check with an attorney regarding chapter 7 in your state. However when you file chapter 7, you file on everything, then you can ask the court to keep the house out of it ( there is a term for it) just remembered "reaffirm", most of the time the judge will allow it. And yes we can help modify. if I can get a financial worksheet drawn up on you before you file for chapter 7, as if you have a lot of surplus left over, after the BK you will not qualify for the modification. I can be reached at 1-800-557-1467 ext 4.

Behind every great man stands a women", with absolutely noting to wear!
Add a comment Report
Beck Saffary
Beck Saffary Answered:

I would say yes. Make sure you are not behind on your mortgages and value your home on your schedule A above the mortgages, by no more than the exemption amount in your state.

Add a comment Report

Related Questions

Other people asked questions on similar topics, check out the answers they received:

kizzy4916

Asked: I have a credit card with my bank . we are doing ...

i have a credit card with my bank . we are doing chapter 7. can they take my available funs out of my account once they are notified ?
JLEN629

Asked: I filed chapter 13 which included a personal ...

I filed chapter 13 which included a personal loan where i put my car up for collateral. The car is now totaled. Who gets the money from the insurance me or the lien holder?
Susie

Asked: Chapter 13 payments

We have been making $1,600/month Chapter 13 payments for almost a year. Can we claim these payments on our taxes?
  • Posted by Susie 4 years ago

More Questions

How many people have transferred their credit card ...

Balance transfer is the best way to pay off one credit card with another credit card at a lower rate. It’s a good idea to save hundreds or even thousands of dollars. Transactions fees are small relative to interest rates, finding a credit card that charges no balance transfer fee may save you ...

How do i find out if a Credit card is valid

A debit card might have money associated with it, but it isn't yours. A credit card might be valid, but it doesn't have money except that the owner can borrow with it. If the card has been cancelled, and you try to use it, you can go to prison. If you call the credit card company to report it ...

Looking to gift my wife a credit card, which is the best option in

Get your wife a posb everyday credit card . Lots of rebates from merchants like Watson and SPC petrol. No minimum spending (so she doesn't have an excuse!) required.

Credit cards

Borrow the money from a friend or someone from family. It will not be a big amount. Tags:- Pay Day Loans | Payday Loan