Chapter 7
If you are behind in home settlements and facing repossession nonetheless, Chapter 7 will require you to either pay the complete quantity of all back home settlements or merely give up the home. Lots of people really locate this to be an excellent choice, since when you shed the house, you shed all the recurring obligation that goes with it. If you desire to keep your home and cannot come up with the back repayments, you will require to file Chapter 13 bankruptcy.