Real Estate Discharge in bankrupcy

[brownie]

I had rental property that burned down in 10/2007. The insurance company sent me a $52,000 check, I signed and turned over to the mortgage company to settle on the property. Well, they did not settle. I do not have the money to pay 2 mortgages. Now I have feel on hard times and filed for bankrupcy. The mortgage company is dicharging the entire amount less the $52,000 they have already, If they dischage the entire loan amount, do I get that 52,000 back since they did not deduct that amount from mortage balance?

 

[dee_dub]

How do you mean, they "didn't deduct it from the mortgage balance"? You gave them $52,000 towards the mortgage, and you still owed the same amount on the mortgage afterwards?

I'm pretty sure the answer to your question is going to be "no" - the mortgage company keeps the amount you've already paid. I'm just confused how the finances work out here.