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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
http://www.totaldebtservices.com/bankruptcy_alternatives.asp
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∙ 14y ago
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If your house is paid for will you lose it if you claim bankruptcy?
yes another answer: you can't lose your primary residence; also - homestead it.
If someone is in a rent to own agreement and files bankruptcy will i lose my house?
You will not lose your house unless there is a large amount of equity in it. You will need to reaffirm your rent to own agreement, however.
Can my house be repossessed if my husband is madebankrupt but is not on the deeds?
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
You filed for bankruptcy after your house foreclosed?
You already los your house, the BK doesn't effect the past. Now you'll lose most anything else.
Can you lose your house if you declare bankruptcy?
Usually they cannot take your home or one automobile. See if you can get some help from a non-profit credit assistance group so you don't have to declare bankruptcy. Check with the court house or through local churches for information or an attorney. Your assets in bankruptcy is depedant on which country you reside in. Most commonly your home will be sold to meet creditor debts and you will lose control of your finances.
Do you lose your cell phone in a bankruptcy?
No.
Can you file bankruptcy and keep a house that has been willed to you?
Depends on the value of the house and any mortgage. If its free and clear, and you have already used your home exemption, then you could possibly lose the house to the BK trustee.
If a married couple no longer living together own a house and one files bankruptcy should the person filing bankruptcy surrender the house so other can keep house or will it cause other person to lose?
The party that filed bankruptcy will be protected as far as the collections process is concerned. The bank will in response expect the party who has not filed bankruptcy to make all the remaining payments. If this happens, you may want to consult with a lawyer ASAP so that you are making payments on a house that will be co-owned by an X.
If you file for bankruptcy will you lose your car?
Need to know type of Bankruptcy 7, 13, 11 ??
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.
Can you fiance a house after bankruptcy?
Yes, 3 years after discharge of the Bankruptcy.
