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

Answer 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 »

Top Q&A For: How to Keep My House in Chapter 7 Bankruptcy in...

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 »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

In Pa in chapter 7 bankruptcy can person use Federal Bankruptcy Exemtion to keep 120000 paid off condominium if this is only asset and only projected income is 238 monthly?

Refer to your last similar Q.Yes you have a 125K Federal Homestead Exemption.Yes you have issues that need to be protected by an attorney in the BK process (any creditor will have one and they will... Read More »

What can you keep in Chapter 7 bankruptcy?

Chapter 7 bankruptcy technically requires all assets to be sold to generate cash for creditors. However, states have enacted laws allowing people to keep certain assets outside of the bankruptcy.Co... Read More »