Legal Question in Bankruptcy in Oklahoma

Re: Question about home loan debt

You actually have two choices: the first is to keep paying for it. However, the day you are late with a payment, you are out on your ear and have no right to any equity.

Choice two: Reaffirm the debt. To do this in a 7, your payments must be current. Then it is just as if you never filed the 7 for that creditor.

Bottom line: If you are behind in your house payments you have a problem. However, if you are up to speed and want to keep the home, then reaffirm the debt.

That having been said, please go to a good Bcy Atty in your area and talk it over! Nothing is quite like a face to face to be able to properly advise you knowing all of the relevant data, not just your one very limited question.