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Interest on a mortgage from a bankruptcy

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jessicaleigh78

Junior Member
I live in North Carolina. My parents filed for bankruptcy about 16 years ago. After they paid off the bankruptcy they got a letter stating that they have to pay 430 a month with a total of 15000. So everytime we get it paid down to within a few thousand dollars the company sells the debt amd it goes back to the original. How will I ever be able to pay this off??
 


FlyingRon

Senior Member
I live in North Carolina. My parents filed for bankruptcy about 16 years ago. After they paid off the bankruptcy they got a letter stating that they have to pay 430 a month with a total of 15000. So everytime we get it paid down to within a few thousand dollars the company sells the debt amd it goes back to the original. How will I ever be able to pay this off??
Goes back to the original what? Did your parents reaffirm the debt after discharge? What was the nature of this letter?
 

LdiJ

Senior Member
Goes back to the original what? Did your parents reaffirm the debt after discharge? What was the nature of this letter?
I think that she is saying that every time they get the 15k paid down to just a few thousand, the collection agency sells the debt to someone else and they start all over at 15k again.

I think its time to get an attorney involved.
 

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