Posted by: admin in chapter 13 bankruptcy help on
chapter 13 bankruptcy help5 We are filing chapter 13 bankruptcy and do not wish to keep our home. How can we do this successfully?
Starting K asked:


Please give suggestions on allowing our home to go through foreclosure or other means during our Chapter 13 process. It has become very apparent that we are unable to afford it and is part of our total money outlay problem. Not sure we can sell this property and get out from underneath the total payoff amount.

Also, what would happen if we sold the home for less than the payoff? Is foreclosue an option. Sounds painful. Need and appreciate all help with this situation.