Chicago Tribune article discusses filing chapter 7 to escape mortgage
For those of you struggling with mortgage debt, chapter 7 bankruptcy may be an alternative as described in this recent Chicago Tribune article:
Moral bankruptcy?
Financially struggling homeowners say they’re just being shrewd when they file for Chapter 7 to escape a mortgage
Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders.
Some have struggled unsuccessfully to keep their homes, and others have just walked away. Phillips decided he wanted revenge and was willing to ruin his credit record for it.
