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What can happen to my house if I file Chapter 7 bankruptcy?

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What can happen to my house if I file Chapter 7 bankruptcy?




Your house is exempted from bankruptcy based on how much it is worth.

Sub: #1 posted on Wed, 12/27/2017 - 09:12

SC SC
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Most Chapter 7 bankruptcy filers can keep their homes as long as they are current on their mortgage payments. What about you?

Sub: #2 posted on Wed, 12/27/2017 - 19:15

Barbara Delinsky Barbara Delinsky

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Basically you have to liquidate your assets in a Chapter 7 bankruptcy to clear your debt liabilities. Your house is one of those assets.

But the game is, find an excellent attorney, and discuss your options to file a "No asset bankruptcy"

Sub: #3 posted on Thu, 12/28/2017 - 19:44

Phil Bradford Phil Bradford

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