Can a Friend Include house in Bankruptcy?
Written by on June 29th, 2009
jawsnu7 asked:
I have a Friend who has an (ARM) Adjustable Rate Mortgage.
He is contemplating a wage earner or some type Bankruptcy.
Can this type(ARM) mortgage be included in the Bankruptcy?
Advice welcomed.
I guess my friend was asking if he could consolidate the ARM into the monthly payments. He is not trying to get a free house(for all the smart mouths). He is trying save his assets and prevent harrasing creditors from forclosure. I guess their are different types of filings. He is trying to pay all with a single pay plan.
I have a Friend who has an (ARM) Adjustable Rate Mortgage.
He is contemplating a wage earner or some type Bankruptcy.
Can this type(ARM) mortgage be included in the Bankruptcy?
Advice welcomed.
I guess my friend was asking if he could consolidate the ARM into the monthly payments. He is not trying to get a free house(for all the smart mouths). He is trying save his assets and prevent harrasing creditors from forclosure. I guess their are different types of filings. He is trying to pay all with a single pay plan.
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Tags: Assets, Creditors, Mortgage Bankruptcy
July 1st, 2009 at 8:42 pm
No, mortgage company will forclose your home.