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As I mentioned a while ago in my blog, a member of my family filed for bankruptcy. I don't know too many of the details. I know the amount of the assets and debts because that was listed in the newspaper. I also know that the family is now on a payment plan for four years.
I am wondering what happens to the mortgage? Is that rolled into the payment plan? And if so, does that mean their house will be completely paid off in 4 years? |
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I am sure the house is left out of this however cant they take money from the sale of the house when they do sale they did that to my MIL btw I dont know all the details of what she did she filed before I met DH & sold the house afterwards & had no idea they would take a chunk out but they sure did.
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