Cross Collaterization Question

southernbelle

Senior Member

Bankruptcy Tutor

Joined: Aug 2007

Posts: 952

State: Louisiana
#1

Cross Collaterization Question

02-28-2008, 01:55 PM

If I filed Ch.13, would cross coll. still make me liable for any unpaid debt from unsecured loan balances after my 2nd mortgage has been paid in full or does this just apply to Ch. 7 cases?

Is it legal for the bank to do this?

Filed Chapter 7 (Primarily Business Expenses) 04/10/2008 FICO 468 :cry:
341 on 05/06/08:unsure:House appraisal on day 63:blink: 07/10/2008 Discharged-Asset Case!!!:yahoo:08/09 Transu 559, Equifax 636, Experian 647
Case Closed 07/15/2009 :D:yahoo:
Tags: None
emoney

Senior Member

Bankruptcy Contributor

Joined: Oct 2006

Posts: 335
#2

02-29-2008, 06:25 AM

Yes it would.
emoney
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