PERSONAL LIABILITY ON YOUR MORTGAGE IS DISCHARGED IN BANKRUPTCY

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Personal Liability On Your Mortgage Is Discharged In Bankruptcy

In most cases, your personal liability on a mortgage is discharged when you receive your Chapter 7 discharge. This means you are no longer personally liable for the mortgage debt. Your real property continues to secure the mortgage. If you fall behind, your lender can foreclose on the real property. However, your lender cannot sue you for any deficiency balance after the foreclosure sale.

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If your house might be foreclosed, we can help you explore your options and take legal action. Contact us online today or by telephone at (888) 910-6652 to schedule your free initial consultation with an experienced bankruptcy lawyer. We are open on Saturdays and are available before or after regular business hours by appointment. For your convenience, we accept checks and debit cards as forms of payment.

Categories: Bankruptcy
  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

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"The Law Offices of James C. Shields is located in Torrance and proudly serves clients all throughout the South Bay including:

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Law Offices of James C. Shields - Torrance Bankruptcy & Estate Planning Attorney
Located at 21707 Hawthorne Blvd, Suite 204
Torrance, CA 90503.
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Phone: (888) 910-6652
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