Legal Question in Bankruptcy in Illinois

In the state of Illinois can you go into chapte 7 bankruptcy after you sign and start paying on a modified home mortgage ? Nothing about bankruptcy is on the new modified home mortgage papers.


Asked on 7/25/10, 7:20 am

1 Answer from Attorneys
Caroline Palmer Law firm of Caroline Palmer

You can choose whether to include your home in a Chapter 7 estate. If you do not confirm your mortgage, then the house will be sold. If you do not include your home in your bankruptcy estate by confirming your mortgage then your modification agreement should not be disturbed.

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Answered on 7/25/10, 12:16 pm


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