http://www.bk7.com/chapter-11-bankruptcy/bankruptcy-chapter-11-information/ Bankruptcy Chapter 7, 11, 13 -- Information and Resources Fri, 03 Dec 2010 10:34:57 +0000 hourly 1 http://wordpress.org/?v= http://www.bk7.com/chapter-11-bankruptcy/bankruptcy-chapter-11-information/comment-page-1/#comment-73 TJ Fri, 11 Dec 2009 21:09:39 +0000 http://www.bk7.com/?p=12#comment-73 I am considering Chapter 11 bankruptcy. I have some business purchases that have mortgages/loans with personal quarantees. I just had my home steaded property appraised. I have a first mortgage and an equity line. The appraisal came in lower than my first (primary) mortgage. The equity line (mortgage) is far more than the appraisal on my house. My question is this: My appraisal came in above the amount owed on the first mortgage and the equity line is well above the appraisal, can I strip off the equity line (mortgage) at a reduced amount with chpter 11? I am considering Chapter 11 bankruptcy. I have some business purchases that have mortgages/loans with personal quarantees. I just had my home steaded property appraised. I have a first mortgage and an equity line. The appraisal came in lower than my first (primary) mortgage. The equity line (mortgage) is far more than the appraisal on my house. My question is this: My appraisal came in above the amount owed on the first mortgage and the equity line is well above the appraisal, can I strip off the equity line (mortgage) at a reduced amount with chpter 11?

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