Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy attorney here to assist you.
Your $300,000 mortgage would become part of the Bankruptcy estate. This means the Bankruptcy trustee would obtain the right to collect the mortgage.
Depending on what the property is worth, and whether there are any other mortgages or encumbrances ahead of yours, the trustee may decide to foreclose the property.