Comments on: Can I Keep My House if I File for Chapter 7 Bankruptcy? http://michiganbankruptcyblog.com/2009/08/05/can-i-keep-my-house-if-i-file-for-chapter-7-bankruptcy/ Chapter 7 and Chapter 13 Consumer Bankruptcy Wed, 18 Jan 2012 15:15:54 +0000 hourly 1 http://wordpress.com/ By: How Can I Save My Home with a Chapter 13 Bankruptcy? | Michigan Bankruptcy Lawyer http://michiganbankruptcyblog.com/2009/08/05/can-i-keep-my-house-if-i-file-for-chapter-7-bankruptcy/#comment-727 Mon, 09 Jan 2012 19:36:00 +0000 http://michiganbankruptcyblog.com/?p=137#comment-727 [...]  Surrendering a home in bankruptcy enables you to walk away from the property without fear of either future collections or of a negative taxable consequence, without any negotiation with the bank holding your mortgage required. If you live in a so-called “deficiency state” like Michigan, lenders can pursue you for the balance of your debt on a mortgage after a foreclosure in most circumstances. A bankruptcy prior to walking away will prevent that from happening. [...]

]]> By: A Hidden Advantage of Not Reaffirming: the Freedom to Move | Michigan Bankruptcy Lawyer http://michiganbankruptcyblog.com/2009/08/05/can-i-keep-my-house-if-i-file-for-chapter-7-bankruptcy/#comment-599 Thu, 06 Oct 2011 13:33:36 +0000 http://michiganbankruptcyblog.com/?p=137#comment-599 [...] primary reasons I emphasize them not reaffirming is that the reaffirmation means the debt is not discharged in the bankruptcy, missed payments can continue to harm the debtors [...]

]]> By: Home Mortgage Loan Modification and Bankruptcy: Before, During and After Your Bankruptcy | Michigan Bankruptcy Lawyer http://michiganbankruptcyblog.com/2009/08/05/can-i-keep-my-house-if-i-file-for-chapter-7-bankruptcy/#comment-593 Thu, 29 Sep 2011 19:54:52 +0000 http://michiganbankruptcyblog.com/?p=137#comment-593 [...] the rise in individual bankruptcy filings. Currently an astonishing 22.5% of home borrowers have home mortgage balances with negative equity. Many debtors therefore are looking for ways to reduce their monthly [...]

]]> By: What Happens to my 2nd Mortgage if I File for Bankruptcy? | Michigan Bankruptcy Lawyer http://michiganbankruptcyblog.com/2009/08/05/can-i-keep-my-house-if-i-file-for-chapter-7-bankruptcy/#comment-551 Tue, 17 May 2011 17:38:11 +0000 http://michiganbankruptcyblog.com/?p=137#comment-551 [...] bankruptcy by some of my fellow bankruptcy attorneys. However, in Michigan, as I’ve described here, there is no reason to file what is called a reaffirmation agreement for a mortgage debt when you [...]

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