Chapter 7
Date: Sat, 07/24/2010 - 10:19
I am surrendering a house and keeping my other house in a chapter 7. Anyone else done this? This is all new.
My understanding is that the court will decide if you can keep y
My understanding is that the court will decide if you can keep your home or not in a chapter 7. If the home has a lot of equity the they may state you have to sell it to pay your creditors. If it doesn't have much equity, then you can reaffirm the debt and continue making payments on it and keep it. Ask your attorney if he feels the court will allow you to keep your primary residence and relinquish the rental property.
