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If, after meeting with an attorney, it is determined that you do not have an equity position in your home that exceeds the Illinois statutory exemptions, you will be able to keep your home in a Chapter 7, as long as you continue to be current on your monthly mortgage payments.
What else can I help you with?
Can you keep your home if you file a chapter 13 bankruptcy?
Yes, as long as you keep making the payments.
How soon after filing chapter 13 can you hope to buy a home?
The best time to purchase a new home after filing for Chapter 13 bankruptcy depends on how long your bankruptcy will be. If you have your payments on a five year plan, then you may have to wait a little longer.
How long do you have to be unemployed to file chapter 7?
You do not have to be unemployed to file bankruptcy.
Can you switch a Chapter 13 Bankruptcy to a Chapter 7?
As long as your Lawyer says.
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.
How long do you have to wait to file bankruptcy after last bankruptcy?
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
How long does it take after a bankruptcy is discharged to show on your credit report?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
Can you refiance you home during a Chapter 7 bankruptcy?
Legally, yes. In reality no. And you won't be able to do any credit thigs for a long while.
Your husband is co-owner of a lake home in MN with his sister She lives in FL and her husband is filing bankruptcy Chapter 7 Is the lake home safe from his creditors?
As long as the land is owned solely by your husband and his sister then it will not be affected by her husband's bankruptcy.
Bankruptcy without losing home?
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.
How long do you have to wait to marry after filing a chapter 7 bankruptcy?
A bankruptcy has nothing to do with your ability to marry. You can marry at any time.
How long does a bankruptcy stay on your credit report in tx?
A Chapter 7 bankruptcy stays on your credit report for 10 years. Generally a Chapter 13 bankruptcy will be removed after 7 years, but can remain up to 10 years.
