My husband filed chapter 13 in Dec 2012 to save our home and we just cannot make the large payments….most of the bankruptcy payment is the house debt. Chase says we now owe $286k and our home is only valued and purchased at $254k. Should we surrender in chapter 13 we are 2 months behind now again?
Our lawyer says we do not qualify for chapter 7. Should we surrender and could Chase sue us for the balance if we are chapter 13?
I think our lawyer said they have 60 days to prove that defiency? Do the banks usually sue with chapyer 13?
Also, our lawyer said we have a few months to surrender but we are getting papers now from Chase and I do not think it would be wise to wait. I am so confused and husband is going down to our lawyers Office and my questions are not getting answered. My husband and I are having a hard time trying to get the facts clear. Please help we have 5 kids and it is hard now.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.We Filed Chapter 13 to Save Our House But Can't Keep Up With Payments. - Jennifer by Steve Rhode