Question about filing bankruptcy and surrendering home?

When filing Chapter 7 bankruptcy, if you check that you are surrendering your home to the bank, can they come after you for whatever is still owed after the foreclosure and re-sale of your home? Or is any debt associated with that mortgage discharged?

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Posted May 1st, 2010 in Bankruptcy Q and A. Tagged: chapter 7 bankruptcy, filing chapter 7, filing chapter 7 bankruptcy, foreclosure, mortgage.

3 comments:

1. Jenna:

   No, they cannot come after you for the remaining balance.

   May 1st, 2010 at 10:42 pm
2. pinksteel10:

   whether or not you file bankruptcy, banks CANNOT come after you on a mortgage. They get the house and that is it.

   May 1st, 2010 at 10:42 pm
3. Watch IT!:

   yes discharged

   May 1st, 2010 at 10:42 pm

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