Early, TX Bankruptcy Law Firms & Lawyers

The following answer applies to California jurisdiction only. I don't know of any local bankruptcy attorney who would condone or suggest to a client that they reaffirm a mortgage debt. It is not in your best interest to do that so the fact that you did not reaffirm is not a bad thing. If at some point you can't afford to make the payments anymore because you have filed and received a discharge in bankruptcy AND because you have NOT reaffirmed the debt you can walk away from the property. The only remedy the creditor(s) have is to take the property, they cannot sue you for any deficiency or attempt to collect from you. The protection of the bankruptcy discharge makes any such collections illegal. A loan modification, should you get one, would not change this result. Refinancing however would because when you refinance you get a new loan and in your case it would be a loan acquired after the bankruptcy had already been filed. Hope this perspective helps. Take care.

SO, have you checked with other lawyers?  And did you get a better idea of how to proceed. Like Mr. Armstrong said, most bankruptcy lawyers will speak to you for free.  Check several out, and opick the one that you feel most comfortable with.

You can file a 7 after the 8th anniversary of the date on which your previous petition was filed. Of course, you can file a 13 also, 4 years after a 7. If you filed a 13, the waiting time is only 2 years. And from a 13 to a 7, the wait is 6 years.