Is there a difference?

[MEA2]

Is there a difference between those who file Chapter 7 without losing their house and car?Does that look better in the future when rebuilding your credit if you don't have a foreclosure in your past?

[Bobby'sGirl]

My lawyer advised me to not foreclose

To try to make payments by cutting everything else and sell it myself after BK because it will be looked at as more credit worthy down the line to get financing for the condo I see in my future. I will need to rent for year or two and he feels being able to show regular payments on mortgage and not foreclosed will make a rental more likely, too. This is based on his experience in the greater Chicago area.