Marvel, CO Bankruptcy Law Firms & Lawyers

The contract you had before you filed bankruptcy is still the same contract you have now with your lender. You're not required to reaffirm a mortgage in a bankruptcy. But, if your contract says your payment is due on the first of the month and it's due on the first of the month. If your contract then says you have until the 16th of the month before a late charge is imposed then you have until the 16th of the month until a late charge is imposed. But, paying after the first is paying late. It just doesn't impose a late charge. You should try very hard, now that you filed bankruptcy, to make your mortgage payment on time so as to not have any complications with your mortgage company.

You can file bankruptcy on these debts, but you will need to include all your debts in any bankruptcy you file. You will want to have a substantial amount of debt in order to be best served by filing bankruptcy. Because of the way this debt occurred, it is possible that the creditor could object to your bankruptcy and you would need to litigate this matter. Litigation is always very costly and there is a risk you could be required to pay this debt even with a bankruptcy.