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If you include your house in a bankruptcy do you have to move out?
Wiki User
∙ 18y ago
My clients have filed BK so they could keep the house not give it up and move out. That is the point in many cases, Not all so consult your attorney, Once you are in BK you might be able to refi yourself out of the whole mess with a new loan. That is my speciality. Give a visit to my website www.chapter13refinancing.com
Wiki User
∙ 18y ago
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Is a credit line on your house included in bankruptcy?
That is up to the person filing the bankruptcy. You can include or omit any debt that you choose.
Can a house be added to a bankruptcy after 9 months into the bankruptcy?
When you file bankruptcy, you must include ALL assets that you own. You can't pick and choose. This is considered fraud upon the court. So, absolutely not.
Should I move out of my home before the discharge of your bankruptcy is complete?
What has MY bankruptcy got to do with you moving out of your house? Obviously, if the mortgagee is not telling you to leave, and you get to stay rent-free, stay as long as you can, but get as much moved or ready to move as you can. You may not be given much time.
Can you include your home in a bankruptcy after the bankruptcy has already been discharged?
No.
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 bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
If you are in chapter 13 bankruptcy can you file for a voluntary dismissal to refinance your house?
I f that was the main reason for filing the c. 13, you can. Make sure the lender knows about the bankruptcy and you have a refi commitment before you move to dismiss.
Can you fiance a house after bankruptcy?
Yes, 3 years after discharge of the Bankruptcy.
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.
Can you buy a house if you have filed bankruptcy?
No.
What if don't include your house in our chapter 7 bankruptcy?
You have deliberately perpetrated a fraud on the court and creditors and may face federal prison time if convicted.
Do you have to include the IRS in a bankruptcy?
Of course, it is immensely important to include IRS in a bankruptcy. If you don't some bad naughty things could happen.
