Around 2-3 months before we filed for bankruptcy in a last ditch effort we combined a credit card with a balance of over $10,000 into our second mortgage to try to lower our payments (stupid I know but we did not know we were going to file).
Anyways, the lender was suppose to close out the CC but they left it for a couple of weeks and there was a problem where $600 came through on it for a charge that was suppose to be canceled. So the lender said that they would close the CC down but there would be a balance on it and we were responsible to make payments on it. So we made several payments on the $600 balance and then decided to file and our lawyer said that we had to include the balance or it would be looked at as favoritism. So it was included and the BK and the lender sold the $600 balance to a debt collector (this shows DC on our credit).
I went on TrasUnion and it shows the $10,000 balance also included as part of the chapter 7 bankruptcy. Is this correct?
I just do not get how they lender can put it down as part of the bankruptcy when it wasn't and I am still responsible to pay the balance in the 2nd mortgage??
Anyways, the lender was suppose to close out the CC but they left it for a couple of weeks and there was a problem where $600 came through on it for a charge that was suppose to be canceled. So the lender said that they would close the CC down but there would be a balance on it and we were responsible to make payments on it. So we made several payments on the $600 balance and then decided to file and our lawyer said that we had to include the balance or it would be looked at as favoritism. So it was included and the BK and the lender sold the $600 balance to a debt collector (this shows DC on our credit).
I went on TrasUnion and it shows the $10,000 balance also included as part of the chapter 7 bankruptcy. Is this correct?
I just do not get how they lender can put it down as part of the bankruptcy when it wasn't and I am still responsible to pay the balance in the 2nd mortgage??
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