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Bankruptcy

: The Debt Podcast

Chapter 7 and House Mortgage: Reaffirmation of a Current Mortgage in Illinois

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A debtor in a chapter 7 case can reaffirm the exempt portion of an interest in real property and retain the property after the bankruptcy case. Debtor keeps the house and the reaffirmed loan survives the bankruptcy discharge. A creditor is not required to consent to a reaffirmation agreement, but if one is [...]

Full post as published by The Debt Podcast on February 20, 2008 (boomark / email).

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