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If you have assets in your home can you be force to sell it if you file bankruptcy?
Wiki User
∙ 13y ago
If the value of the assets greatly exceed the allowable exemptions, then yes they can be seized.
Wiki User
∙ 13y ago
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If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
If you file bankruptcy in one state and own a home in another state may you keep it?
The answer depends on the type of bankruptcy you file and the value of your home. In Chapter 7 bankruptcy, you may be required to sell the home unless it falls within certain exemption limits. In Chapter 13 bankruptcy, you can typically keep your home and create a repayment plan to catch up on missed mortgage payments. It's best to consult with a bankruptcy attorney to understand your specific situation.
Can you file bankruptcy if you own your home?
In principle, yes, but it depends on the equity in your home and how much of it you can exempt, as well as the non-exempt equity in all other assets and how much debt, income and expenses you have.
Did DR Horton home builder file for bankruptcy?
yes
Is your home seized when you file bankruptcy?
No
If you own a home can you file for bankruptcy?
Yes
How long until a bank seizes your house after you file for bankruptcy?
Most banks won't seize your home after bankruptcy. One of the key purposes of bankruptcy is to preserve the living assets and provide the individual with another chance (albeit with a lot less credit flexibility). Note: I am NOT a certified financial planner (CFP) and am NOT licensed to provide financial advice. [opinion] If you are in a situation where foreclosure is on the horizon and you have tried to negotiate with creditors to no avail, you will want to consider bankruptcy in order to hold onto your home. While the debt associated with your mortgage may not be forgiven as a result of the bankruptcy, you WILL force a renegotiation and you WILL keep your home.
Can a person keep and file bankruptcy if the home is under any mortgage?
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
Can you keep your home if you file chapter 13 bankruptcy?
yes
Can you file for chapter 7 bankruptcy if you have equity in my home?
Sure.
What if you had file bankruptcy and you kept your home what do you have to do to get in the bankruptcy now?
You need to start off by talking to your bankruptcy experts. They should be able to help.
Can you keep your home in a bankruptcy in NC?
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
