Legal Question in Bankruptcy in Pennsylvania
post discharge foreclosure
our mortgage was discharged in chapter 7. after discharge our creditor agreed to modify our loan. If we can no longer keep up with the payments and the creditor forecloses will we be responsible for any difference between what the creditor sells the property for and what we owe? or did the chapter 7 protect us from that?
Asked on 12/12/03, 3:24 pm
1 Answer from Attorneys
Re: post discharge foreclosure
If you reaffirmed the debt, you will be responsible for the difference should liquidating the property not result in sufficient funds to satisfy the debt.
Answered on 12/12/03, 3:44 pm
Related Questions & Answers
-
Bankruptcy and mortgages If i file bankruptcy and include my mortgage in the... Asked 11/21/03, 5:39 am in United States Pennsylvania Bankruptcy Law
-
Reinstatement of mortgage with post-petition arrearages I filed a chapter 13... Asked 11/03/03, 7:49 pm in United States Pennsylvania Bankruptcy Law
-
How should I proceed? I have amassed about $17,000 in consumer debt and $65,000 in... Asked 10/23/03, 11:57 am in United States Pennsylvania Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
