At most it may delay things a very short while. It will still come down to pay for it or lose it....BK won't discharge the debt and let you keep the property for free.
Anybody can file for bankruptcy.
the answer is yes, Yes mother and daughter can file bankruptcy jointly and also you and your husband will file bankruptcy jointly is still accepted as long as its not same sex marriage.
Yes. However due to the new bankruptcy reform the party involved may have to file whichever type of bankruptcy the trustee feels is applicable. The point of the reform is to prevent multiple BK filings. The premise is, if the debtor has even a small amount of nonexempt income it is to be used for repayment of debts.
Yes
Of course.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
You have to, it is a debt...it is just a secured debt...by the lien on the property.
You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.
sometimes but barley ever
Sure
Probably not
When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as normal, while still declaring bankruptcy on other loans.