Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
You can file bankruptcy WITHOUT the bankruptcy affecting the terms of your primary mortgage.
As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13. A Chapter 7 may be of help to you.
There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.
A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards and personal loans. It would be an opportunity for a fresh financial start. However, you may have to surrender assets that exceed your exemption.