Yes, depending on your situation. You should contact an attorney to discuss how it will effect you.
Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Individuals can't file a Chapter 11 (that's for businesses to reorganize under). The alternative to chapter 13 for individuals is Chapter 7, which is essentially a liquidation. Whether an individual can keep his house or not depends on the exemption laws in their state (the amount of assets that can be kept by the individual filing bankruptcy). The homestead exemption defines how much equity in the individual's home can be kept. Some states, like Texas and Florida, have generous homestead exemptions while others don't. The federal exemption set the homestead exemption at around 18K; individual states decide whether bankruptcy files must use state exemption amounts or may choose between state and federal exemption amounts.
It depends on whether you can afford to pay the second home's mortgage, taxes and maintenance along with your Chapter 13 plan payments. If there is no mortgage on it, and you have no exemptions left to apply to its value, you might be required to pay a 100% plan and may not be able to afford that. Consult an experienced bankruptcy lawyer.
yes
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.
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
Yes, as long as you keep making the payments.
Yes. you can keep the home. Make sure to consult a bankruptcy attorney
yes
If it is determined that you do not have an equity position in your home that exceeds the state statutory exemptions, you will be able to keep your home in a Chapter 7, as long as you continue to be current on your monthly mortgage payments
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.
Probably not, but it depends on the value of the home and the exemptions available to cover that value.Consult a local bankruptcy lawyer.
Yes
yes
In the State of Illinois, you can keep your home while filing a Chapter 7 if it is determined that you do not have an equity position in your home that exceeds the Illinois statutory exemptions and continue to be current on your monthly mortgage payments.