Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Do you have to file bankruptcy if you cant make payments on your house? - No. You can just stop making house payments and wait to be foreclosed on. Sometimes bankruptcies are involuntary--people you owe will pretty much tell the court there is no other way for you to get out of debt and then the court divides up your stuff, but those aren't that common--usually the debtor gives up on his ability to repay and files himself.

There are more people abandoning their mortgages than ever before. I can't say that it is moral or even a smart thing to do, but a lot of people's attitudes are changing--especially since banks get bailouts for their bad investments. Whether bankruptcy or another route would be best for you is hard to tell. If you think you'll be able to pay eventually, that's always the best way. -