top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Are Deficiency Judgements unsecured?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Are Deficiency Judgements unsecured?

    I just realized that having a lot of secured debt (bad real estate in arrears) in proportion to unsecured can point a person to 13, and I'm jockeying for a 7.

    If I just relax and wait for the properties to be taken/sold/and have judgments made...will the shortages be deemed unsecured?

    As much as I hate delaying this, it's better than the prospect of 5yrs in hades with a 13.

    #2
    Yes, unsecured as far as BK is concerned.

    Comment


      #3
      Ok, well maybe the smart move is to just hunker down a few more months and let the phone ring. thx.

      Comment

      bottom Ad Widget

      Collapse
      Working...
      X