The Hills, TX Bankruptcy Law Firms & Lawyers

Hard to imagine how you managed to pay that much money if you did not want to continue paying and now you are concerned about it after so long. While the personal liability for the mortgage/deed of trust is discharged in bankruptcy, the debt is still collectable if the bank wants to sell the house in foreclosure and get whatever the sale proceeds are received because it is secured by a lien (a deed of trust or mortgage) and the lien is not affected by the bankruptcy. I would guess that the bank will now claim that you paid voluntarily which you are allowed to do after bankrutpcy. I doubt that you can get it back but your situation is so unusual that you need to consult with an attorney who can review the documents and get all the facts.

You will have to list it as an asset. Use the value that you recently purchased it for as the value that it is worth minus whatever depreciation there is. And attach a security lien for how much you owe on it which will limit the equity. Use state or federal exemptions to cover the rest of the equity if possible. If you're trying to do this without an attorney you are very foolish. Do not file bankruptcy or manage bankruptcy without an experienced bankruptcy attorney.