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In most cases you will not lose your home during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13.

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Q: When you go bankruptcy do you have to put up your house for collatoral?
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Related questions

How does surrendering your house in chapter 7 affect your credit report?

If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.


If I filed for bankruptcy months before my house was going to go into forclosure & the bankruptcy was complete,then my house was just about to go into forclosure can I still apply for the Obama mrtge relief plan even though I listed my house in the bnkrpc?

Yes, you can still apply for Mortgage Relief after filing bankruptcy.


How do you go about renting a house if you just filed bankruptcy?

you just have to check around because not everyone does a background check!


Your dad and you own a house together it is your primary residence you file bankruptcy can the courts go after all equity in the house or just your 50 The house has no mortgage on it?

The courts don't go after anything. The bankruptcy trustee will go after any non-exempt property, as is his duty. If you own half the house, you only own half the equity. The next question is whether you and your father have filed homestead declarations, or if you both can. You need to talk to a lawyer in your state.


What vehicles can be kept in a bankruptcy?

any car you have it has to be added to your bankruptcy but you get to keep it, as long as you don't go out and buy a brand new car then file , that wont work they wont put that on you will have to pay for it


If your house was included in your bankruptcy can they also mark a foreclosure on your credit it you let the house go?

Yes, unless you bargain for a deed in lieu of foreclosure, Basic- if bank forcloses, its on your record.


Filed chapter 7 bankruptcy is second mortgage gone?

If you are keeping your house and you have a first and a second, your second will not go away. If you are letting your house go, then the first and second will go. If your house is more than or equal to your first mortgage and you file a chapter 13, then your second will be "gone" in the end.


Are you a bankruptcy?

Bankruptcy is when a person or a firm thinks that they are in financial crisis, they go out for filing bankruptcy in related court.


What happens if a co signer files bankruptcy?

They both go bankruptcy


How many people go out with food and shelter daily because bankruptcy?

When a bankruptcy order is processed basic living costs are always calculated and no one would be left without reasonable amounts to feed, cloth and house them


Do you know if you go to bankruptcy court do you get discharged when you go there?

A person or persons would need to file for bankruptcy before having any contact with the court and/or bankruptcy trustee. A bankruptcy discharge is what is granted if the filing is deemed valid.


How do you put allow in a sentence?

My parents do not ALLOW her to go to my house.