Should I file bankruptcy?
Date: Fri, 07/30/2010 - 14:05
The moment you do a Deed in Lieu and give your house back to the
The moment you do a Deed in Lieu and give your house back to the bank, you transfer all the responsibilities of the house to your bank. So, there is no question of you owing the money. If you've the deed in lieu agreement and all other documents that is needed, then contact the bank and tell them about the CA.
Moreover, dispute the debt with the CA and send them a cease and desist letter. Let them validate the debt. If they can't, you can file a case against them. Keep us posted about the proceedings.