Pennsylvania Bankruptcy FAQ’s
Q: May I surrender a house or automobile in bankruptcy?
A: Yes. Bankruptcies are often used by individuals who are losing or have lost their home in foreclosure, or have had vehicles repossessed. The bankruptcy will discharge any remaining debt on the mortgage and/or auto loan. If you are currently living in a house which you would like to surrender, you may be able to remain in the home until the Sheriff’s sale, which likely won’t be held until many months after you stop making mortgage payments.
Poconos Bankruptcy Law
CONTACT POCONOS BANKRUPTCY ATTORNEYS