What are the consequences of defaulting on my mortgage during bankruptcy?

Defaulting on a mortgage during bankruptcy can have significant consequences. Firstly, it can lead to the loss of your home through foreclosure. The lender has the right to initiate foreclosure proceedings if you default on your mortgage payments. This could result in the forced sale of your property to recover the outstanding loan amount. Additionally, defaulting during bankruptcy can negatively impact your credit score, making it difficult to secure loans in the future. It may take several years to rebuild your credit after a foreclosure. Furthermore, defaulting can disrupt the bankruptcy process, potentially leading to the dismissal of your case and leaving you liable for all outstanding debts. It is crucial to communicate with your lender and bankruptcy attorney to explore options and avoid such consequences.