2007-01-10 07:18:30 · 3 answers · asked by Alan S 3 in Business & Finance ➔ Personal Finance
If you keep up the payments and reaffirm your debt you will not lose your home.
Some states have homestead exemptions that keep your house out of bankruptcy. But that does not mean you can stop paying the mortgage, it just means that you might still qualify for a chapter seven filing even if you are a homeowner.
I would suggest you contact a good bankruptcy attorney or go through the mandatory credit counseling session to see what you alternatives are.
2007-01-10 07:36:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In Texas, your house is protected from bankruptcy in most cases.
2007-01-10 15:26:36 · answer #2 · answered by Mike1942f 7 · 0⤊ 0⤋
i highly doubt you'll lose the home.. you have to really have high debt and they'd have to presume many things like a illegitamacy in your claim..
we didn't lose our home.. we didn't lose a thing.
2007-01-10 15:26:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋