Emergency Chapter 7 - Loan Modification Forum

moorebend · 03-04-2009, 05:58 PM

Our house is set to go to auction this Monday March 9. We hired an attorney back in Nov who promised that we could at least expect to buy time. He did not deliver and gave us the news this monday that countrywide denied our request for modification. We are now set with the question of to file bankruptcy or not. We do not qualify for chapter 13 because we have secured debts over the limit...we have two other properties in foreclosure. In approx 30 days time we will be able to file for chapter 13, but of course our house will have already been to auction. We are wondering if we do an Emergency chapter 7 this will buy us time to work with countrywide and then do a chapter 13 to get rid of the second. Any help is greatly appreciated!

Moe Bedard · 03-04-2009, 07:34 PM

I am so sorry that this is happening to you................but unfortunately.......to see if that is a possibility, that would be a question that you would have to ask a bk attorney.

03-04-2009, 05:58 PM	#1 (permalink)
moorebend Member Join Date: Nov 2008 Posts: 8 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Emergency Chapter 7 Our house is set to go to auction this Monday March 9. We hired an attorney back in Nov who promised that we could at least expect to buy time. He did not deliver and gave us the news this monday that countrywide denied our request for modification. We are now set with the question of to file bankruptcy or not. We do not qualify for chapter 13 because we have secured debts over the limit...we have two other properties in foreclosure. In approx 30 days time we will be able to file for chapter 13, but of course our house will have already been to auction. We are wondering if we do an Emergency chapter 7 this will buy us time to work with countrywide and then do a chapter 13 to get rid of the second. Any help is greatly appreciated!

03-04-2009, 07:34 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Emergency Chapter 7 I am so sorry that this is happening to you................but unfortunately.......to see if that is a possibility, that would be a question that you would have to ask a bk attorney. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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