This is not legal advice.If you hold in an LLC with a personal guarantee then yes you would file bankruptcy chapter 7 in a personal name.The reason is if the corp is bankrupt they will then just come after you personally.After the bankruptcy laws changed in 2008 there is a bunch of red tape now and you generally have to pass the means test.In a chapter 7 you would either affirm or not affirm the debt.if you do not affirm the debt is wiped out.The lender can still take payments from you if you want to pay but are not required to after the chapter 7.The lender can just decide to foreclose and not work with you.You could see if you could short sale the properties.You would put a condition in the listing agreement that you do not agree to sell unless you get a waiver of deficiency letter from the bank prior to closing.Do not believe anything the bank says unless it is in writing.Also know that attorneys get paid to file BK so filing BK is not always the answer.Is your credit otherwise good or do you have a bunch of late payments already??

I just wanted to gain some affirmation though, because the advice was given by a successful investor.

I've seen toothbrushes, wads of hair, bandaids, toys, etc.

I ended up basically breaking even on those when I got out - but it did come a cost of a quite a few grey hairs.

reiskills.com  I believe....He taught me back when I had hair....

She would have to go back to her BK attorney and/or the trustee and inform them of the intent to sell, which would go against the claim in the BK that she re-affirmed the debt.  

I guess what I am looking for is affirmation that I am going along the right path.

Or, sometimes the deals did not close because they had hair on them, and that meant they could be picked up reasonably.Another thing not to forget is to treat brokers like people.  

Why would you want the contractor to take a hair cut?

I'm signing a notarized statement affirming my intention to occupy the house and the reason I need.