Legal Question in Bankruptcy in Florida

Will filing bankrupt eliminate a mortgage lien?


Asked on 7/28/14, 6:47 pm

2 Answers from Attorneys
Steven Meyer CPLS, P.A.

Bankruptcy will not eliminate a first mortgage on your property. It may eliminate all or part of a second mortgage, depending upon the value of your home.

My office is in Boca Raton and we file a lot of bankruptcy cases. I'd be happy to discuss the matter with you. We offer a free initial consultation.

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Answered on 7/28/14, 8:20 pm
William Gwaltney William W. Gwaltney, Attorneys at Law

Filing bankruptcy CAN eliminate a mortgage lien, IF you surrender the property. If you are seeking to retain the property then you will have to make your payments.

If you believe you need to file bankruptcy you should contact an experienced bankruptcy attorney for an evaluation of your case. You may have options other than bankruptcy.

Good luck

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Answered on 7/29/14, 5:54 am


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