As a Windsor trustee, I am often asked what happens to a second mortgage if someone files for bankruptcy.

The answer depends on what the plan is with the house.  If your plan is to keep the house, you have to keep paying your first and second mortgages.    You are not able to file for bankruptcy, keep your house, but not pay the mortgage.

If you are asking this question, you are probably dealing with a cash flow problem.  Call me at 310-PLAN and we can review your situation in detail and work out a plan that is best for you and your family.