Q: I filled bankruptcy in 2009 I filled on my 2 nd mortgage but I've been paying it can I stop paying it
The interest
Has gone crazy I can't pay it
A: Filing bankruptcy gets rid of your personal responsibility for the debt however it does not get rid of the mortgage unless you stripped the 2nd mortgage. Did your attorney talk to you about how this is done in a Chapter 13. Often if a second mortgage can be stripped and eliminated a Chapter 13 may be the best way to go in a bankruptcy. Otherwise the mortgage remains and the interest continues. When you sell the home this will have to be paid if you didn't strip the mortgage. That is why it is important to use a lawyer who knows what he is doing in a bankruptcy. You may want to download my book on how to file properly.
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