Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Yes - both the second and third mortgages can be discharged in a Bankruptcy - either a Chapter 7 or a Chapter 13. (Chapter 7 is better for you, because you pay nothing to have your debts discharged. With a Chapter 13 you have to pay all disposable income to the Bankruptcy court for up to 5 years.)
I think this is what you wanted to know. If not, please let me know.
Mortgage debt absolutely is dischargeable in a Bankruptcy. The thing that is not dischargeable is the lien a mortgage company has on property.
In other words, a mortgage company would be able to foreclose on a house if the mortgage were not being paid, even though the debt was discharged in a Bankruptcy.
Sorry for the misunderstanding!
Yes - if you file a Chapter 13, then at the end of the 3-5 years, both second and third mortgages can be discharged and the liens removed.