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Can you file bankruptcy if you own your home?

Anonymous

∙ 15y ago

Updated: 8/18/2023

In principle, yes, but it depends on the equity in your home and how much of it you can exempt, as well as the non-exempt equity in all other assets and how much debt, income and expenses you have.

Wiki User

∙ 17y ago

What else can I help you with?

Related Questions

If you own a home can you file for bankruptcy?

Yes

Can you file bankruptcy on a rent to own home in Pennsylvania?

Yes you can file bankruptcy. However the "rent to own home" is not owed by you and is still owned by the "landlord". You can continue with the "rent to own" or walk away. Bankruptcy is an entitlement to citizens for debt relief

Did DR Horton home builder file for bankruptcy?

yes

Is your home seized when you file bankruptcy?

No

Can you file bankruptcy if you own vacant land?

Of course

Can a person keep and file bankruptcy if the home is under any mortgage?

Yes he can file for Bankruptcy if he wants to depending on the situation of his property.

If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.

Can you file for chapter 7 bankruptcy if you have equity in my home?

Sure.

Can you keep your home if you file chapter 13 bankruptcy?

yes

You owe your sister money can you file bankruptcy on that loan?

If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.

What if you had file bankruptcy and you kept your home what do you have to do to get in the bankruptcy now?

You need to start off by talking to your bankruptcy experts. They should be able to help.

Can you keep your home in a bankruptcy in NC?

It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.

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