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Lets start with - a thing doesn't file BK...a this or a that...YOU file bankruptcy. It involves EVERYTHING you owe and everything you own. Some certain things may be exempt (or treated specially) from being used to pay a debt, and some debts may not be able to be cleared (like child support, student loans). A secured debt, that is one that has a right to a certain asset (like the house that secures the loan from the prior owner), has first call on the funds from the sale of that asset....and if that isn't enough, any additional amounts can be claimed as unsecured debts owed, and provided by other assets.
But the important thing to start is you do not pick and choose what you want to include...because just like your question...you would include the loan (and every debt)...but not the property, or assets!
Under C 13 BK, if you qualify, you will pay back the debts under a payment plan and keep the assets, while protected by the court from seizure actions.
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∙ 15y ago
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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
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.
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.
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.
If your home has equity and you file bankruptcy on the credit cards do they go after your home?
Generally you have to list your home as an asset. But there are different kinds of bankruptcy, and if things work out, your home ownership could be protected. See a bankruptcy lawyer!!
Can you file bankruptcy on a rent to own home in Pennsylvania?
Yes you can file bankruptcy. However the "rent to own home" is not owed by you and is still owned by the "landlord". You can continue with the "rent to own" or walk away. Bankruptcy is an entitlement to citizens for debt relief
Can you file for bankruptcy without a home?
Absolutely. Happens all the time.
