Chapter 13 can be an effective way to keep or unload business and investment real estate.
Chapter 7 writes off your mortgage debt as well as many other debts. It might be a way to pay your “priority” debts as well. If you own real estate that is NOT your home, and you’re considering bankruptcy, there’s a good chance that real estate is part of what’s dragging you down financially. Maybe you made an investment that turned sour. … Read More