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Can you keep your house if bankruptcy is dismissed for non-payment?

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βˆ™ 2006-08-31 01:18:39

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That decision is made by the lender not the bankruptcy court.

2006-08-31 01:18:39
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If a bankruptcy is dismissed can you have it removed from your credit?

Yes. I tried to remove a dismissed bankruptcy from my credit report. All agencys were contacted and so was the FTC. They said they had a legal right to keep the Bankruptcy dismissal information on the bureaus files.

Can I keep my house and car out of a bankruptcy?

You are normally allowed to keep the house you are living in and one car in a bankruptcy.

Can you file Chapter 7 bankruptcy and still keep your house?

yes, just keep your house exempt from the bankruptcy

How do you keep your house in a bankruptcy?

I have a reverse mortgage on my home, can it be taken from me in a bankruptcy?

Can you keep your house while going into bankruptcy?


Can you file Chapter 7 and keep your house and car?

Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.

Can you keep your car and house if you file bankruptcy?


Can you declare bankruptcy and still keep your house?

It depends. If you declare bankruptcy on another house while you are living in your formal house, no you don't lose your formal house. If you declare bankruptcy on your formal house, you get your house foreclosed, or taken away by the bank. ----

Is there a way to keep property when a chapter 13 is converted to a chapter 7?

No. If it is not covered by the allowed bankruptcy exemptions then it is subject to seizure and sale or liquidation. The filer always has the option to have the bankruptcy dismissed,

If bankruptcy is filed can you keep your house with a mortgage?

mabey 87% sure

What can you keep during bankruptcy?

I kept my house & pick up truck

In chapter 7 can you keep the house?

Yes. you can keep the home. Make sure to consult a bankruptcy attorney

Can you file bankruptcy on a rental house and keep your home?

You don't file bankruptcy "on" anything. You file bankruptcy to get the protections bankruptcy offers. If there is no equity in the rental house and you surrender it to the creditor, you will be able to keep your (presumably different) home if it is up to date on mortgage payments, or if you file a Chapter 13 with a Plan that includes becoming current.

Do you keep your house when you file bankruptcy?

I believe you can, by reaffirming the loan, but I don't know the details.

Can you keep your house if declairing bankruptcy?

It depends on what type of bankruptcy your are filing, if the home is your primary residence and not an investment property, how much you owe, and if you are behind on your payments. It also depends on the state you are filing in.Usually, your house, if it is a primary residence, many states will allow you to keep your house as an exemption.

Do you get to keep your house if you file bankruptcy?

You may, provided you do not list it in the bankruptcy, you file chapter 13 reorginization, or if you reaffirm with the mortgage holder. That is a dangerous answer. You must list all assets, including your house, in a bankruptcy. You can keep the house if you reaffirm the mortgages and other debts secured by the house in a Chapter 7 and you are not in arrears on the mortgages, or you file a Chapter 13 to get caught up on the secured debt arrears.

Will you lose your house if you consider bankruptcy?

You can keep the house if you pay the enquity in your house to the trustee and if the mortgage company itself agrees. You can also consider some bankruptcy alternatives read more here

If you file chapter7 bankruptcy can you keep your house if you keep making payments?

In most cases, yes. Contact your lawyer to be certain.

Can you file bankruptcy on a second house and keep your first house?

You can't file bankruptcy "on" any asset. You file for bankruptcy, listing all your assets and debts, to discharge all dischargeable debts. You can surrender an asset such as a second house and get a discharge on any unpaid amount due on a mortgage, while reaffirming the mortgage(s) on the first house.

Can your file for bankruptcy and still buy a house?

i am not 100% about being able to buy a house, but you CAN keep your house if you already own 1,but you do have to pay any equity in the house to your liquidator.

Can i still file bankruptcy if my home is schduled for sheriff's sale?

It depends somewhat on your state law regarding foreclosure sale, but as a rule, you can save your house from being auctioned by filing bankruptcy. Whether you can keep the house depends on a lot of other considerations. Consult a local bankruptcy lawyer.

Can tax liens be dismissed under Chapter 7 or Chapter 13?

Even if you discharge a tax debt in a bankruptcy (which can be done in limited circumstances), the lien associated with that debt is not released by bankruptcy proceedings. The result is that you may come out of bankruptcy with no tax liability, but there may still be a lien on your property. That lien attaches to any equity in your assets that existed prior to the bankruptcy and was exempted in the bankruptcy. For example, if you owned your house and filed bankruptcy with $20,000 of equity in your home, you may have been able to exempt that equity in the bankruptcy through a homestead exemption (so that you could keep your home). If that happened, after your bankruptcy was discharged the IRS would still have a lien against you that attaches to that $20,000 of equity (but not to any equity that accrues after the bankruptcy filing).

What do you do if a dismissed chapter 13 bankruptcy is still showing on your credit report after 7 years?

Get an "official" copy of your bankruptcy documents indicating the date that the Bankruptcy was dismissed. Send the official copies to each of the credit bureaus that are reporting the information and request that they update their files accordingly and to forward to you an updated copy of your credit report. The key word here is "request". do not demand, threaten or utilize any form of aggression. just be simple, polite and to the pint with your request This should solve the problem. Both Experian and Transunion remove a dismissed Chapter 13 bankruptcy after 7 years. Equifax's policy is to keep it on the credit report for 10 years. Has anyone been able to successfully request Equifax to remove this item after 7 years? While it's true that the negative impact of a dismissed bankruptcy filing is diluted with age, any reference to "bankruptcy" still casts a dark shadow on a credit report no matter how long ago it was filed.

Can you keep your house in another country if you live in us and you are going in bankruptcy?

Your BK includes all your assets, regardless of where located.

If you filed bankruptcy and it was final and a reaffirmation agreement was signed but discharged by the courts you have always been current on your car payment can you keep the car and continue paying?

Long as you put it in your reaffirmation so that it will not be part of your bankruptcy you will be able to keep it. Same thing as with a house. Just as long as it was part of the agreement that it was not included in your bankruptcy then you are o.k.