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Bankruptcy

: The Debt Podcast

Should I Reaffirm My Mortgage After Chapter 7 Bankruptcy?

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Your mortgage company will probably ask you to reaffirm your mortgage after you file Chapter 7 bankruptcy. These days in our country, many homes with mortgages are underwater, worth less than what is owed on them. If you file Chapter 7 bankruptcy, your home is worth $200,000, and you owe $#240,000 on it. You can walk away from [...]

Full post as published by The Debt Podcast on June 29, 2010 (boomark / email).

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