The money that you owe to the homeowner’s association is not necessarily wiped out if you file for Chapter 7 bankruptcy. If you choose to remain living in the home, you can expect to have no other option than to continue making payments to the HOA as normal. On the other hand, surrendering the property does not always guarantee total freedom from fees. Every situation is unique and it’s necessary to evaluate your personal circumstances to figure out which solution works best.
Keeping Your Home
When giving up certain assets during a bankruptcy filing, it is not necessarily true that … Read the rest
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