Bankruptcy Law
Money Management

Will a chapter 7 bankruptcy petitioner be allowed to keep a home if there is a 3 month arrearage in the mortgage payments?

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Wiki User
2006-08-07 14:35:18

Two factors would detemine what if any action would be taken

concerning the property. If the homestead exemption protects the

house from bankruptcy seizure and/or if the lender is willing to

reaffirm the mortgage rather than foreclose on the property.

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