I'd like to file for Chapter 7 as soon as possible. I have been waiting on a loan mod from CITI. I have two loans on the house with them - the 1st they have agreed to modify and I am now on the 3 month trial period - made 1 payment thus far.
I would like to keep the house and the payment through the BK. Balance and value are in line.
But I also have a HELOC with Citi for an additonal 56k - all negative equity. I havent paid that in 4 months.
I am hoping they will agree to settle at some point and I dont think they would try to foreclose - they have no gain by doing that.
Question is when can I file? Do I have to wait until my trial period on the mod is over? Will filing bk nullify my loan mod? I havent received the packet with the fine print yet.
And when should I try to settle the 2nd? after bk? Should I pay them something for now? Is there any point?
One last question. I got married last month. We have no joint accounts or assets. I will file myself only. Does being married affect my bk in any way, and does my filing affect him at all?
I would like to keep the house and the payment through the BK. Balance and value are in line.
But I also have a HELOC with Citi for an additonal 56k - all negative equity. I havent paid that in 4 months.
I am hoping they will agree to settle at some point and I dont think they would try to foreclose - they have no gain by doing that.
Question is when can I file? Do I have to wait until my trial period on the mod is over? Will filing bk nullify my loan mod? I havent received the packet with the fine print yet.
And when should I try to settle the 2nd? after bk? Should I pay them something for now? Is there any point?
One last question. I got married last month. We have no joint accounts or assets. I will file myself only. Does being married affect my bk in any way, and does my filing affect him at all?