Can I keep my house if I file for bankruptcy?

Answer 1

as long as it's not paid for, they dont want it!

Answer 2

Claiming bankruptcy now days is diffrent. Since so many people get into debt like it is no big deal bc they just think they can claim bankruptcy the laws have changed. I had a friend claim bankruptcy not to long ago and she has too still pay it back. Bankruptcy does not pay your bills and your done, you now have to pay it back.

Answer 3

yes u can keep your house if u file for chapter 13 but when u talk to u lawer keep your house out of the bankruptcy you'll be fine

Answer 4

Yes, you can reaffirm any bill you want. Just make sure you can afford the payment, cause you only get 1 shot for 11 years in Bankruptcy court.

Answer 5

Of course you can... The person who works out your bankruptcy thing would take that into consideration and assuming you have a mortgage on the house, that mortgage payment would be figured into it all

Answer 6

she would be in a position to wish an attorney until she is approved in long island to coach in the previous the bar on her very own. There are categories of financial ruin filings, some wherein the courtroom takes over her materials and determines which lenders to pay and how. It feels like consistent with probability her superb guess would be a reorganization submitting, wherein the courtroom style of places itself between her and the lenders and she or he keeps her materials and could pay her funds owed consistent with the courtroom's training, which lenders are additionally sure by. some states enable a financial ruin 7 submitting to do what they call "reaffirm the debt" wherein the debtor keeps specific contracts and materials and the courtroom comes to a decision what happens to something. She shouldn't attempt to "do it herself" as that's an extremely complicated criminal dance. yet with the desirable submitting plan confident she are in a position to maintain her domicile if she will prepare she will nonetheless pay the debt. She would evaluate remortgaging her domicile to repay all of the mastercard and client debt and in basic terms have one month-to-month (fairly greater consistent with probability) value for the domicile. There are dozens of client advocacy communities who can help her settle on what to do, tell her I want her luck. there is not any longer the comparable stigma linked to financial ruin as there was once, hundreds of thousands of people are compelled to try this consistent with annum. bear in suggestions that a financial ruin does not make the debt magically bypass away, it in basic terms makes the lenders quit criminal sequence. If at it sluggish sooner or later she resumes any style of business enterprise coping with that creditor they are in a position to resume number of the previous debt. And any motor vehicle loans that are charged off as a reult of the submitting substitute into taxable income to her in the year wherein she have been given the deepest loan, which the IRS then modifies her returns for that year and there could be important tax effects. you would be able to touch me for extra information in case you p.c..

Answer 7

It depends on if you file Chapter 11 or another method - but usually you can.

Answer 8

Yes, you certainly can and don't let anyone tell you that you cannot. Discuss with your lawyer who will tell you what type of bankruptchy is best for you to file.

Answer 9

Yes. You'll have to re-negotiate with your lender, but yes, you'll keep your house.

Answer 10

Yes I am sure you can, but you must be current on payments

Answer 11

~~~Ask your lawyer about homesteading ,,,, I believe you can do it once in your lifetime and no one can take your home away for any reason except for the mortage company for lack of payments, then they can forclose.