Can ruin file return with rid of my mortgage loan which is 60% more than the pro of my property/collateral?

Chapter 7 bankruptcy filing appears to be the answer versus Chapter 13 file which to me appears to be just buying time but the mortgage loan is still due.
Answers:
don't know, but if it does gets rid of the mortgage , it also get rid of the house, meaning you won;t be able to stay nearby
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Yes- chpt. 7 only. It will ruin your credit for awhile though and is especially hard to get unless you enjoy extremely low or no income.
Why do you want to gett rid of the loan? How about reducing the amount that you owe and your monthly payment so you can afford to stay surrounded by your home? I am happy to answer your questions anytime.
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