Can mortgages payments and auto payments be include in filing for bankruptcy?

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Can mortgages payments and auto payments be include in filing for bankruptcy?

2006-11-28 02:46:10 · 2 answers · asked by maggierivera_2000 1 in Business & Finance ➔ Renting & Real Estate

2 answers

Yes and filing for BK would trigger a liquidation event. Since these are already secured interests, the debtors home would be foreclosed on and the car repossessed and liquidated by the creditor to pay off the debt.

2006-11-28 04:01:42 · answer #1 · answered by boston857 5 · 0⤊ 0⤋

Sure if you don't mind surrendering them. BTW, if you file on your mortgage good luck ever getting one again. Banks REALLY frown upon that.

2006-11-28 10:54:23 · answer #2 · answered by lolabunny 2 · 0⤊ 0⤋