Situation: I will likely be foreclosed on my former FL home in near future. After foreclosure auction it will likely sell for significantly less than what I owe and since FL allows deficiency judgements, I'll likely have to file for bankruptcy.
I also own an investment condo which is rented. The rent does not cover expenses and I can not sell the place for what I paid. There is no equity in it.
Question: if i get foreclosed on former home, receive deficiency judgement and file for BK, what's going to happen to the rental property? Since there is no equity in it, i doubt my creditors would want it. I can cover the difference between the rent and the mortgage, (its not that huge). But if the BK trustee takes all my disposable income in Chp 13, then i will not be able to cover it. Would the BK trustee reduce the amount of disposable income they take from me each month in order to allow me to hold on to the rental property?

