Joe C.
Brief description of your legal issue:
I foreclosed on my home in 2008 and I had a second mortgage. My second mortgage still has a balance of approx. $39,000.
On my credit report it shows as charged off, but it still reflects against my debt to income ratio.
>This is because a charge off does not extinguish the debt. It helps the creditor with their books, by charging off, but you still owe the $$>
I also have a car payment of $675.00 for a car worth $10K. How does chapter 13 bankruptcy work?