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Ask Dave

Filed Chapter 7 and Chapter 13?

Alexis has no shortcuts in her situations. Foreclosure is on the horizon if she doesn't ditch her properties.

QUESTION: Alexis is divorced and filed a Chapter 7 bankruptcy. She missed three payments on her house and has started receiving foreclosure papers. She then filed a Chapter 13 bankruptcy on her property.  What now?

ANSWER: Filing Chapter 7 and Chapter 13 raises some questions here.  You need to know that there's no tricks in your situation.  No shortcuts.  You need to get rid of the properties because you can't afford them.