Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Does bankruptcy stop the use of that persons income to do a loan modification? - Two people get a home loan, one goes full chaper 7 wipe out bankruptcy due to medical bills and major health issues. Co-borrower is determined to keep the home, and wants a loan modification. Does the bankrupt borrowers income still get counted even though that borrower is no longer legally responsible for the mortgage ? -