In the last year the bank foreclosed on my house, and I sold my small business for $30,000. The bank says I still owe the mortgage balance (after deducting the foreclosed value of the home). I paid the $30,000 to family members that I had owed money to. So now, since I have now assets, should I still file Ch. 11 bankruptcy?
You do know that the mortgage will not be included in the bankruptcy don't you? You will still owe that.
