Kansas Consumer Bankruptcy Law Information by Topeka’s Only Board Certified Consumer Bankruptcy Specialists Mark Neis and Jill Michaux – Topeka Kansas Consumer Bankruptcy Law Attorneys – We are Lawyers Helping Kansas Individual Consumers and Small Business Proprietors Obtain Debt Relief in Chapter 7 and 13 Bankruptcy
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Walking Away from the House

Cathy Moran, my blogging colleague on the Mortgage Law Network, discusses whether you should prevent foreclosure and keep the house.  Walking away from the house is one solution for a homeowner who can’t afford to repay the mortgage loan balance and the house is worth at least as much as you owe.  A deficiency judgment, if one is taken in the foreclosure, can be discharged in bankruptcy.  Here is a pay or go calculator to help you assess whether you should walk away from your mortgage.

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