WORLD Law Direct Forums
Home > WORLD Law Direct Forums > BANKRUPTCY & DEBT COLLECTIONS > Consumer Bankruptcy > Chapter 7 Bankruptcy -- we listed our mortgage on our house in the bankruptcy

Chapter 7 Bankruptcy -- we listed our mortgage on our house in the bankruptcy

This is a discussion on Chapter 7 Bankruptcy -- we listed our mortgage on our house in the bankruptcy within the Consumer Bankruptcy forum, part of the BANKRUPTCY & DEBT COLLECTIONS category; My husband and I filed and have been discharged in California for Ch. 7. My question is, we listed our ...

Consult Your Own Personal Lawyer Now!
Reply  POST NEW QUESTION

 

Thread Tools Search this Thread Rate Thread Display Modes
Old Feb 10th, 2011, 03:57 PM   #1
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Chapter 7 Bankruptcy -- we listed our mortgage on our house in the bankruptcy

My husband and I filed and have been discharged in California for Ch. 7. My question is, we listed our mortgage on our house in the bankruptcy, but we want to keep the house. My question is though....lets say down the road a year later the bank forecolsed on our house, would be be responsible to the debt, or will it be still considered to be part of the bankruptcy? I wasn't sure if there is a time frame on these matters. Thanks.
  Reply With Quote
Sponsored Links
International Law Issues?
Old Feb 10th, 2011, 04:04 PM   #2
Top Level Member
 
AFFA's Avatar
 
Join Date: Dec 2009
Posts: 12,548

Default re: Chapter 7 Bankruptcy -- we listed our mortgage on our house in the bankruptcy

I wish to inform you that you may file for bankruptcy. In this regard after bankruptcy has been performed then your creditors cannot pursue you. After bankruptcy the assets are sold and provided to creditors in accordance with their claim. Further there is a homestead exemption under California Code of Civil Procedure section 704.710. Therefore you may protect your home. The exemption is dependent upon the value of asset.

AFF
AFFA is offline   Reply With Quote

Did you find this post helpful? Yes | No
Old May 14th, 2011, 07:23 AM   #3
Junior Member
Country:  
arablaws's Flag is: United Arab Emirates
 

arablaws's Avatar
 
Join Date: May 2011
Location: Duabi-UAE
Posts: 9

View Member's Twitter Profile
Default Re: Chapter 7 Bankruptcy -- we listed our mortgage on our house in the bankruptcy

Filing bankruptcy will be a last ditch alternative for most individuals who cannot afford to pay off their financial obligations and many will use a professional Chapter 7 bankruptcy attorney. Generally the cause is a result of job loss or unforeseen medical expenses, which could be financially damaging to any family. In case you have exhausted your options and want to know whether or not a bankruptcy would be the right solution for you, the following are several things to take into consideration.
First of all, a bankruptcy proceeding will be filed in a federal court, never at the state level, so it's not a matter that you can accomplish without the help of a Chapter 7 bankruptcy attorney.

http://www.mortgage-after-bankruptcy.net/chapter-7-bankruptcy-attorney.html
arablaws is offline   Reply With Quote

Did you find this post helpful? Yes | No
Reply

Bookmark & Share

Tags
None

This thread has 2 replies and has been viewed 1548 times

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
Popular Debt and Bankruptcy Questions -- FAQ Listed by Popularity Mr. QuestionMan Off Topic Messages 0 Jul 30th, 2011 06:14 PM
bankruptcy trustee -- ssdi benefits, chapter 7 bankruptcy Unregistered Consumer Bankruptcy 1 Apr 1st, 2011 01:47 PM
bankruptcy and auto loan (chapter 7 bankruptcy) Unregistered Consumer Bankruptcy 1 May 25th, 2009 09:43 AM
Can a chapter 13 bankruptcy be converted to a chapter 7? Unregistered Consumer Bankruptcy 0 Aug 29th, 2007 12:37 AM


International Law Issues?


All times are GMT -5. The time now is 09:02 AM.