What can happen to my house if I file Chapter 7 bankruptcy?
Date: Mon, 12/25/2017 - 22:28
Your house is exempted from
Your house is exempted from bankruptcy based on how much it is worth.
Most Chapter 7 bankruptcy
Most Chapter 7 bankruptcy filers can keep their homes as long as they are current on their mortgage payments. What about you?
Basically you have to
Basically you have to liquidate your assets in a Chapter 7 bankruptcy to clear your debt liabilities. Your house is one of those assets.
But the game is, find an excellent attorney, and discuss your options to file a "No asset bankruptcy"