Legal Question in Bankruptcy in Florida
what happens to home after chap 7 bankruptcy?? even thru i am upside down it??
Asked on 10/18/12, 8:49 am
1 Answer from Attorneys
R. Jason de Groot
R. Jason de Groot, P.A.
You can keep the home as long as you make the mortgage payments. The debt will probably be discharged. It will not be discharged if you reaffirm the debt in your bankruptcy. If you do reafirm, and fail to make the payments, or if you do not reaffirm and fail to make the payments, the home will eventually be foreclosed.
Answered on 10/18/12, 9:18 am
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