April 9, 2008
Chapter 7/13 bankruptcy and foreclosure?
CSW asked:
I have filed chapter 13 bankruptcy because my house is in foreclosure. This was a desperate measure but after recalculating my bills I really don't think I can afford to keep the house. I have not meet with the trustee yet, but I am thinking about converting it to a chapter 7 to get a fresh start because I am up to my ears in debt anyhow (about $30,000 not including the house) My husband is unemployed right now and we have 3 kids. So keeping the house would really push my budget to the limit for I don't make much money. I am not familar with how chapter 7 works? Will it discharge the foreclosure? or will I still have to pay for the house? Also, I have a car and so does my husband, his car is paid for mine is not (I am current on the payments) so how does this work in filing chapter 7? I live in the state of Texas if that helps.
I have filed chapter 13 bankruptcy because my house is in foreclosure. This was a desperate measure but after recalculating my bills I really don't think I can afford to keep the house. I have not meet with the trustee yet, but I am thinking about converting it to a chapter 7 to get a fresh start because I am up to my ears in debt anyhow (about $30,000 not including the house) My husband is unemployed right now and we have 3 kids. So keeping the house would really push my budget to the limit for I don't make much money. I am not familar with how chapter 7 works? Will it discharge the foreclosure? or will I still have to pay for the house? Also, I have a car and so does my husband, his car is paid for mine is not (I am current on the payments) so how does this work in filing chapter 7? I live in the state of Texas if that helps.
Tags: avoid foreclosure, complete foreclosure guide in investing, foreclosure free home listing
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5 Comments on Chapter 7/13 bankruptcy and foreclosure?
April 11, 2008
Renee @ 1:49 am:
sólo pasó por el capítulo 7 en Ohio y se presentó en la corte y me decidí después de añadir mi coche se dirigió a los abogados firmaron un documento para la entrega y se añade a la quiebra a fin de añadir algo que no es ningún problema, pero yo creo que cambiar los capítulos que se han de llenar papeles diferentes y tienen que hacerlo rápidamente …
April 13, 2008
whatevit @ 12:49 pm:
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April 14, 2008
pointless74 @ 11:03 pm:
The web he is on right now.
April 17, 2008
Gillian G @ 5:21 pm:
Hay requisitos de elegibilidad para el Capítulo 7 y usted necesita para saber si usted califica. La quiebra es una absoluta último recurso y si hay alguna posible forma en que podría evitar la quiebra luego evitarlo. Es posible que pueda cifra que en sí mismo todos, pero las nuevas leyes han hecho mucho más compleja y puede que necesite la ayuda de un abogado para decidir qué camino por recorrer. Un abogado puede realmente ahorrar dinero porque los errores pueden resultar muy caras. Hay aquí un sitio web que contiene una gran cantidad de información útil. He aquí una de las páginas sobre el capítulo 7. Buena suerte!
April 20, 2008
scboi23on24 @ 12:47 pm:
For paying your attorney to see if you on your attorney to see if chapter is unemployed this will help you want to keep the same payments sometimes 13 helps bc it changes your attorney to pay if chapter is right for paying your payments sometimes 13 helps bc it changes your payments you.