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Yes, if your equity in the house is greater than the exemption you can use and you cannot pay the trustee the difference, or if there is no mortgage on the house and its value is more than the exemptions.
If you are current with your mortgage when you file and get behind on your mortgage during the chapter 7, the mortgagee can foreclose.
Consult a local bankruptcy lawyer.
What else can I help you with?
If you file chapter 7 do you lose your 401k?
NO. Absolutely fully protected...
Are you allowed to keep your primary home and investment property if file you chapter 7 or 13?
If I file chapter 7 or 13 how long can I stay in my house?
How often can I file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
How often can you file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
How long do you have to wait in order file file chapter 7 bankruptcy again?
chapter 7 filings 8 years from the time of discharge and the time for filing a chapter 13 after a chapter 7 discharge 4 years.
What is the process of converting chapter 13 to chapter7 We are in chapter 13 and it looks like with layoff we have to go to chapter 7 and lose the house. What do we do?
You file a motion to convert to chapter 7. If you are eligible, then the court should grant it.
If you file chapter 7 do you lose your 401k?
NO. Absolutely fully protected...
Are you allowed to keep your primary home and investment property if file you chapter 7 or 13?
If I file chapter 7 or 13 how long can I stay in my house?
Which chapter bankruptcy do i file?
If you have to ask...it absolutely should be which ever one your LAWYER suggests.If you have to ask...you probably can't do the filing properly anyway...and will not get the result you think, or is best, and may well commit errors, even criminal ones when filing.Answer:Usually you would want to file a chapter 7 if at all possible so that you don't have to be pay on a plan for three to five years. On the other hand, sometimes you have to file a chapter 13, and sometimes it is best to file a chapter 13 so that you won't lose property that you would otherwise lose in a chapter 7. Most chapter 7 debtor's don't lose anything in a chapter 7, but it just depends on what kind of asset you are talking about and where you are located.
In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You can file bankruptcy again 7 years after the last time you filed.
Can you file again if you filed in may 2005 on chapter 7?
You can file a chapter 13 bk, but NOT another chapter 7.
How long do you have to be unemployed to file chapter 7?
You do not have to be unemployed to file bankruptcy.
When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
Can you file chapter 7 bankruptcy now after filing in July 2004?
A person can file chapter 7 after 8 years from a previous chapter 7. So the answer is NO.
How often can I file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
How often can you file for Chapter 7 bankruptcy?
You can file for Chapter 7 bankruptcy once every 8 years.
How soon after filing for a Chapter 7 Bankruptcy can you file another?
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
