Will my monthly payments be reduced through bankruptcy? 3 Answers as of August 27, 2010

If I file a straight Chapter 7 bankruptcy, will my monthly payments be reduced?

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Law Offices of Michael J. Berger
Law Offices of Michael J. Berger | Michael J. Berger
This depends on what monthly payments you are talking about. Your home mortgage or rent will stay the same. Your credit card monthly payments will be eliminated.

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Answer Applies to: California
Replied: 8/18/2010
Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
If you are asking about credit card payments, then yes. If you are asking about mortgage payments, then more than likely no.
Answer Applies to: California
Replied: 8/18/2010
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