Cash for Key and bankruptcy

ELBKnow

Member

Bankruptcy Newbie

Joined: Nov 2009

Posts: 38

State: Ohio
#1

Cash for Key and bankruptcy

06-14-2010, 04:40 PM

I want to do a cash for keys to keep my home out of the paper (I have good reason) and then file bankruptcy. Will this wipe away my defecit?
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keepmine

Senior Member

Bankruptcy Mentor

Joined: Feb 2006

Posts: 4583

State: Alabama
#2

06-14-2010, 05:30 PM

Originally posted by ELBKnow View Post

I want to do a cash for keys to keep my home out of the paper (I have good reason) and then file bankruptcy. Will this wipe away my defecit?

Any deficency balance is unsecured debt and will be dishrgaed in bankruptcy.
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