Can they take my house in Chapter 7 bankruptcy?

Answer You will not necessarily lose your house if you file Chapter 7 bankruptcy. Your house will be abandoned to you if there is no equity in the house. The lender retains the right to foreclose if you d... Read More »

Top Q&A For: Can they take my house in Chapter 7 bankruptcy

Can they take my home in a Chapter 7 bankruptcy in Alabama?

If your home is worth more than $5,000, you likely will lose it by filing for Chapter 7 debt relief, according to the Total Bankruptcy website and the book, "How to File for Chapter 7 Bankruptcy." ... Read More »

How to Keep My House in Chapter 7 Bankruptcy in Connecticut?

Chapter 7 bankruptcy allows you to liquidate your assets and use them to pay off your debts. Your home is considered an asset, but you may be able to keep it if you can bring your mortgage payments... Read More »

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »

How to Keep Your House & Equity in a Chapter 7 Bankruptcy?

A Chapter 7 bankruptcy is designed to discharge all or most of a consumer's debts. Toward achieving this objective, the U.S. Bankruptcy Code permits the court to order the sale of certain assets ow... Read More »