Legal Question in Bankruptcy in Arizona
refinancing house and bankruptcy
Due to medical reasons, we are being forced to file bankruptcy as we can not pay the debt. Our only real asset is our house. Can we reaffirm this debt and refinance to a lower monthly payment?
Asked on 5/21/03, 5:10 pm
1 Answer from Attorneys
Gerd Zimmermann
zimmermann nielsen & colleagues
Re: refinancing house and bankruptcy
This depends, you should refinance before you file for bankruptcy, after filing it will be difficult if not impossible to refinance.
Answered on 5/21/03, 6:22 pm
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