Business & Finance Bankruptcy

How to File for Bankruptcy on a Mortgage

By Business & Finance Last updated Sunday, May/12/2024

File for bankruptcy on your mortgage

1). Choose a bankruptcy path for yourself. If you file a Chapter 7, your debts will be discharged. Alternatively, a Chapter 13 bankruptcy will allow you to pay off your debts through a payment plan.
2). Go to the bankruptcy clerk's office. Obtain the necessary forms for starting a bankruptcy case.
3). Fill out the forms. Most importantly, you will have to file the petition for bankruptcy. You also will need to compile a list of your creditors and place that in the matrix of creditors form.
4). File the forms at the bankruptcy court.