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Can you file chpt 7 Bk and keep a 2nd home or will it be taken?
Wiki User
∙ 16y ago
When you say your too broke to pay others back as you promised them you would....your available assets need to be used to pay off those debts...although those people are still hurt (sometimes badly) for your failure. (Because understand, going bankrupt means your not just failing, but a failure.) Now, don't be shocked by this...because heaven forbid something (like paying or performing on your promises) may impinge on your having what you want and feel you deserve...you may have to give up the Lear, the second house...etc.
Wiki User
∙ 16y ago
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Can you file chapter 7 in Florida and keep your home and property?
No
Can you keep your home if you file chapter 13 bankruptcy?
yes
Can you file and keep your house if you have a second mortgage?
You will be able to keep the house provided you keep making the mortgage payments. In a chpt. 13, if the 1st mortgage amount is higher than the house value, you can strip the 2nd mortgage and treat it as an unsecured creditor. If the house value is higher than the 1st mortgage, then you will need to keep paying both mortgages.
Can you keep your 401k if you file for bankruptcy?
Absolutely...it is always exempt from seizure or use and will NOT be taken.
Can you keep your home if you file a chapter 13 bankruptcy?
Yes, as long as you keep making the payments.
Can a person file for bankruptcy and still keep their home?
sometimes but barley ever
Can you file bankruptcy and keep your home to rent it?
yes in texas and south carolina
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 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 file chapter 13 but not want to keep home?
Sure...you can not want to keep the house without filing BK too
Can I file bankruptcy and keep my home?
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
If you file chapter 13 can you keep your home?
Maybe. If you can pay for it. If not, with our without some form of BK, no.
