Pace, FL Bankruptcy Law Firms & Lawyers

It is likely that your personal obligation to repay the mortgage will be discharged in the Chapter 7 bankruptcy. However, the bankruptcy will not eliminate the mortgage lien on your house, and the mortgage company will foreclose if they are not paid. Whether you "need to" continue paying the mortgage is more of a question of whether you wish to stay in the house-if you want to keep the house, you need to keep paying and reaffirm the debt in the bankruptcy case.

In order to answer this question we need to know a lot more facts than are given. If he was charged criminally because of the accident, the debt cannot be discharged. The best thing to do is to go see a bankruptcy attorney in your area and be ready to answer a lot of questions.

Intent doesn't count. Sounds like you own half the property. If your mom owes money on the re-finance, and it's secured by the real estate, she may not have any net equity - but she has to report all assets and interests in property in her bankruptcy. If she has not yet filed, you may want to consult with an attorney to see what can be done to clean up the mess; but any transfer of property (especially to a family member) in the year before she files better be done exactly right and documented -and reported in her bankruptcy filing.