Davis, CA Bankruptcy Law Firms & Lawyers

If you owe past HOA dues, you must include this debt in your bankruptcy, but if you wish to keep your townhouse,you may have to pay this debt after the bankruptcy is completed as is may be a secured debt. Without reviewing the facts, I am not able to answer you for sure one way or another.

In Colorado, foreclosure after chapter 7 bankruptcy is likely if you are not current on your mortgage payments. For debtors who want to keep their homes in chapter 7 bankruptcy, it is important to be current on the mortgage payments at the time of the bankruptcy filing and keeping current thereafter. The fact that you kept current on your mortgage payments during the bankruptcy didn't get you out of default status, since you are still in default the lender may foreclose on its lien [even though the underlying debt has been discharged (absent reaffirmation) since the underlying lien survives the bankruptcy generally]. For debtors who want to keep their homes and are behind in their payments, chapter 13 bankruptcies gives the debtor the option of curing the default over time in the chapter 13 payment plan. If you have reaffirmed the 1st or 2nd mortgages, you should consider revoking the reaffirmation agreement(s) if not too late (it is too late if 60 days have passed since it was filed with the court).

Probably not, I mean you can file a Chapter 7 but unless you're going to pay the mortgage it won't prevent a foreclosure, merely delay it for a few months.