Ch 7 vs Ch 13 - Does it all come down to the house? - Bankruptcy Forum Chapter 7 13 341 Meeting Credit Collections

Chowder

Senior Member

Bankruptcy Contributor

Joined: Feb 2009

Posts: 463

State: Washington
#16

12-10-2010, 11:55 AM

Originally posted by boomerkae View Post

SO, if I'm reading your message right; in either 7 or 13, I can walk away from this house

You read it right.

Don't reaffirm, you can walk.

No Asset 7 closed 11/09
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boomerkae

Senior Member

Bankruptcy Newbie

Joined: Aug 2010

Posts: 101

State: Maryland
#17

12-10-2010, 12:04 PM

Originally posted by Chowder View Post

You read it right.

Don't reaffirm, you can walk.

Wow. What would the timing be? File for bankruptcy, then stop paying and go to foreclosure, or does it all happen at the same time? Should I stop paying my mortgage then file?

Again - thanks everyone.

Filed ch 13 12/23/10; closed 3/14; refiled ch 7 on 4/13; 341 on 5/13; reaffirmation 7/11 (denied); 7/14/11 DISCHARGED
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