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Posted On: October 13, 2010 by Scott Sagaria

What if I do not want to save my home?

A San Francisco bankruptcy attorney has observed that it may be preferable to let go of your property.

In that case, if you decide that the home you are living in has no equity and want to release yourself from any liability on the loan, you can file for bankruptcy to discharge the debt. The foreclosure will still be stopped, allowing you some extra time to stay in the home, but the ultimate outcome will be that the bank will retake the home. However, the borrower will not be liable for the loan amounts.

If you have a question regarding bankruptcy in San Francisco or bankruptcy in the greater Bay Area please contact our San Francisco Bankruptcy Attorneys at (415) 946-8882 or (1800) 941-6730 for a free consultation or visit Bay Area consumers in debt can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about ankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Francisco Bay Area!

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Posted In: Foreclosure

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