rental home

[motox]

I can afford all by bills except for the rental property that i have.. been have problems with renters exc... my question is that what happends if i let it foreclose or can i file a bk on just that property? if i filed a bk would i have to move into the rental which is less expensive then my current home?

[kiddles]

Im sure no expert, but I'm pretty sure you can't just file BK on one debt. Unless it's a business, and you file BK for the business and not on your personal debts.

[HHM]

There is something called a "single asset real estate BK" (do a google search). But I am not sure you can use it on "investment properties" In any event, Kiddles is correct, you cannot simply file BK on a single debt if you have other debts.

[motox]

thats what i figured, i would just hate to lose everything cause of that house... do you know if they will make me give up the more expensive one?