Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
If I file for Chapter 13 bankruptcy, will I be allowed to keep my house? What happens to my credit rating and other creditors?
A local attorney says that filing a Chapter 13 will only delay the foreclosure and anger the bank because the bank will just decline it. He says that I can not file for bankruptcy against a secured loan. He said that the bank's investors own the loan and will not allow the bank to accept such terms and risk their investment.
Is this true?