You can keep your home in a chapter 7, if it is determined that you do not have an equity position in your home that succeeds your state's statutory exemptions, as long as you continue to be current on your monthly mortgage payments.
Absolutely. Happens all the time.
Nope.
When you file for Chapter 13 bankruptcy, your home is generally protected from foreclosure, as the bankruptcy process allows you to create a repayment plan to catch up on any missed mortgage payments over three to five years. You can keep your home as long as you adhere to the repayment plan and continue making your regular mortgage payments. However, if you fail to comply with the plan or miss payments, you risk losing your home. It's essential to consult with a bankruptcy attorney to understand your specific situation and options.
The bankruptcy law does not set a time limit for banks to foreclose on your home after filing bankruptcy. In fact, banks are prevented from foreclosing or continuing a foreclosure already in process upon the filing of a bankruptcy without first obtaining an order from the bankruptcy court allowing it to foreclose or continue a foreclosure already commenced.
A reaffirmed mortgage is one that was included in a bankruptcy but the homeowners get to keep the home instead of losing it back to the bank. The payments and length of loan may be adjusted.
I believe you home is safe as long as it is your homestead in a bankruptcy. You should consult a bankruptcy attorney to be safe.
If your bankruptcy has closed and your home was not affirmed, it typically means that the bankruptcy court did not approve the reaffirmation of your mortgage, leaving you at risk of losing the home. You may need to address this issue with both your attorney and the bank to clarify responsibilities and explore your options, such as negotiating with the bank or seeking legal remedies. It's also important to consult with a bankruptcy attorney who can help you understand your rights and potential next steps.
Yes, of course.
No.
Generally you have to list your home as an asset. But there are different kinds of bankruptcy, and if things work out, your home ownership could be protected. See a bankruptcy lawyer!!
mailing address to report bankruptcy to Home Depot
No.