12 things your bankruptcy lawyer didn't tell you

1. House debt is discharged in Chapter 7.  (Not the lien)
2. Buying a house after bankruptcy may take a few years.
3. Prospective employers can see you filed bankruptcy on your credit report.
4. Creditors stop reporting to the credit agencies unless you reaffirm the debt.
5. Failure to reaffirm a mortgage may disqualify a refinance or loan modification.
6. Attorneys usually make more in Chapter 13 than Chapter 7.
7. Many Chapter 13 clients never complete the plan.
8. Inheritances within 180 days of filing Chapter 7 will go to your creditors.
9. Future tax refunds are often at risk in Chapter 7.
10. Co-debtors will be notified of your bankruptcy filing.
11. If you have repaid family or friends in the last year they may be sued.
12. Debt negotiation may be a better option