If you have property and file bankruptcy, does it show on your credit foreclosure and bankruptcy?
Jan 11, 2009 in
Law & Ethics
ricknasty
Doe it show foreclosure and bankruptcy or just a discharge of your mortgage debt??? If so then what’s the use of filing bankruptcy. why not just walk a way from you properties.
Doe it show foreclosure and bankruptcy or just a discharge of your mortgage debt??? If so then what’s the use of filing bankruptcy. why not just walk a way from you properties.
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One comment
MLaw on January 12, 2009 at 10:37 pm
If you walk away & the lender forecloses they will — in most cases — be entitled to a deficiency judgment. A Bankruptcy will discharge the debt.