Best Answer

You can file chapter 7 bankruptcy and reaffirm your mortgage. Your mortgage company is not required to reaffirm your mortgage however, it is their final decision.

User Avatar

Wiki User

โˆ™ 2014-07-09 18:48:06
This answer is:
User Avatar
Study guides
See all Study Guides
Create a Study Guide

Add your answer:

Earn +20 pts
Q: Can I file a chapter 7 bankruptcy and reaffirm my mortgages?
Write your answer...
Related questions

Do you get to keep your house if you file bankruptcy?

You may, provided you do not list it in the bankruptcy, you file chapter 13 reorginization, or if you reaffirm with the mortgage holder. That is a dangerous answer. You must list all assets, including your house, in a bankruptcy. You can keep the house if you reaffirm the mortgages and other debts secured by the house in a Chapter 7 and you are not in arrears on the mortgages, or you file a Chapter 13 to get caught up on the secured debt arrears.

Can you get your car back if you file a chapter 7 bankruptcy before it is auctioned off?

If the lender is willing to reaffirm the loan with the borrower then the vehicle can be returned. A vehicle is a secured debt and is not subject to chapter 7 bankruptcy laws.

Do you get to keep everything if you file bankruptcy?

Yes, if you file a Chapter 13, usually you can retain all your property, although you will have to reaffirm your agreements that relate to a mortgage(s) and auto loan(s). No, if you file a Chapter 8, some assets personal and real will have to be forfeited.

Can you file for bankruptcy and not default on a title loan?

Yes. With the lender's permission, you can reaffirm the loan at the time your bankruptcy is executed.

Can you file personal bankruptcy and medical bankruptcy within a short time period?

If you are referring to a chapter 20 (chapter 7 + chapter 13), then yes it is possible. The BK court doesnt differentiate between the types of debts (i.e. taxes, mortgages, medical debt, or credit cards) so you cannot file a chapter 7 for personal debt, and then expect to be allowed to file a chapter 7 for medical debt soon after.

Can you file chapter 7 bankruptcy if you owe on a timeshare?

Yea, you can. You must list it as an asset, minus any liens, including a purchase-money loan. you can surrender it or reaffirm the debt.

Can an individual dismissed from Chapter 13 bankruptcy refile for bankruptcy?

You can file a Chapter 7 bankruptcy.

In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?

You can file bankruptcy again 7 years after the last time you filed.

Is filing bankruptcy on your home considered a foreclosure?

No. Foreclosure is a specific action that would be filed in a county court. Filing a Chapter 7 bankruptcy would give the mortgage lender the right to file the foreclosure after the bankruptcy case is closed, unless you reaffirm the mortgage debt with the lender.

Does the bank have to refinance you if you file a value of collateral in a chapter 7 for what the house is worth?

No, it does not. But there may be a change in the law allowing a "cram down" of mortgages, as there used to be in bankruptcy.

How do you file chapter 11 bankruptcy?

There are many ways one can file for chapter 11 bankruptcy. One can file for chapter 11 bankruptcy by proposing a plan in which the debtor plans on paying back debts over time.

How soon can you file bankruptcy after a voluntary dismissal of a chapter 13?

is it safe to file for voluntary dismissal of chapter 13 bankruptcy

Can you file a chapter 7 bankruptcy after a defaulted chapter 13?

You can file as many as you want however you should wait 8 to 10 years before you can file another chapter for bankruptcy.

Can you get your car back after a repossession if you file chapter 13 bankruptcy?

In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy

Who can file for bankruptcy in Wisconsin?

Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.

Can you lose your land if you file chapter 7?

Only if you don't reaffirm on property.

If you file chapter 7 can you keep your secured debt?

You may be able to keep some or even all of your secured debt. Simply reaffirm at the time you file, or it can be done as an addendum later. Your attorney will be familiar with the process. Keep in mind that the additional debt you keep may make it difficult or impossible to continue with the bankruptcy. Consider this as you decide what to reaffirm and what to surrender.

If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?


How to file a chapter 13 bankruptcy?

contact a bankruptcy lawyer

Can you file bankruptcy with income coming in?

Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income

When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?

The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.

How many year after you file bankruptcy can you file bankruptcy aging?

If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.

Husband and you are separated can you file bankruptcy?

You can file bankruptcy together or individually when you are separated. What happens in your separation could affect your ability to file Chapter 7 and you may have to file Chapter 13 instead.

If your car was repossessed on Friday will you get it back if you file Chapter 7 ore 13 bankruptcy on Monday?

Thats an excellant question to ask your B/K attorney. maybe if you REAFFIRM the debt, you can get it back. MERRY CHRISTMAS

Can you file on aarons rental furniture in chapter 7 bankruptcy in Washington state?

You cannot discharge secured debt. You either have to reaffirm the debt / keep paying. Companies like Aarons will come to repossess their property.