I'm in a situation where my mortgage is underwater (house is worth less than what I owe). I was hoping to file Ch. 7 but if I don't have equity in my home, would I have to file Ch. 13 to still keep my home? I am up to date with my mortgage payments.
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As I understand it, you only need to go 13 if you are behind in your mortgage.
I'm hoping to do the same thing.12/2009 Stopped paying CCs; 3/10 1st suit;
8/2010 finally served; No Asset 7 filed. 11 mos since last bal xfer
9/22/10 60 day club; 9/24/10 report of no distr; 11/23/10 DISCHARGED
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Thanks keptdigging for your response. Good luck on your filing and eventual positive outcome.Comment
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Hi tdawg. No, I'm in Hawaii.Comment
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We have an underwater house and are filing a chapter 7 - we'd like to do a 13 but haven't got any income to support it. Anyway, we are involved in a modification and our attorney said we can go through with that in spite of the bk - even if it isn't finalized. We're in OregonComment
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