2007-01-03 03:24:57 · 8 answers · asked by rebelndave 1 in Business & Finance ➔ Personal Finance
This varies from state to state. Florida lets you keep your home no matter how much it is worth, while some other states have value limits.
2007-01-03 03:26:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Every bankruptcy is different. Chapter 13 is designed to let people keep there assets, including their home, while paying off a portion of their debts. Getting caught up on mortgage payments is a very common reason for filing a Chapter 13 bankruptcy.
You have to submit a repayment plan to the court. If approved and you make all the payments, then you should be able to keep your house. The decision to file Chapter and the chances of success vary wildly depending on the case. You need to consult a local bankruptcy attorney for further assistance.
2007-01-03 12:01:28 · answer #2 · answered by Carl 7 · 0⤊ 0⤋
Put your home in wife"s name under home stead act and chapter 13 is for the reason that your collectors can not come after for only for a certain point in time,.
2007-01-03 03:26:41 · answer #3 · answered by Gypsy Gal 6 · 0⤊ 0⤋
I think you can keep your car and your home.
Hmmm, I think I'll try that. Go out and rack up a boat load of debt and then declare bankruptcy and let other people pay my debts. Great plan.
2007-01-03 06:58:00 · answer #4 · answered by parsonsel 6 · 0⤊ 0⤋
Yes, as long as you have the income available to continue making your current mortgage payment and a payment set up by the courts to pay the arrears on your debts.
2007-01-03 03:27:44 · answer #5 · answered by Jacy 4 · 0⤊ 0⤋
yes, and ur car if u decide. get a lawyer . but if u do a bankruptcy also to to debt counseling unless it is caused by medical or something unforeseen. u dont want to end up in debt again. and it is easy to do so. good luck
2007-01-03 03:27:31 · answer #6 · answered by Suzy 5 · 0⤊ 1⤋
IL lets u keep ur home too
2007-01-03 03:31:37 · answer #7 · answered by annie 6 · 0⤊ 0⤋
You can in Iowa as long as you make the payments on it.
M
2007-01-03 03:43:22 · answer #8 · answered by maamu 6 · 0⤊ 0⤋