Q: In what situations can I file for bankruptcy and still keep my home?
A: Depends on your income and equity in the property. Contact an experienced local bankruptcy attorney who can help to determine the right move.
A: This is an important question. One you will want to discuss with a bankruptcy lawyer. The law allows you to keep a certain amount of equity or value in your home. If you are within these numbers then your house is exempt or protected. But if you have equity or value over these figures than a trustee can force the sale of your house. So the value of your home and what you owe on it become very important to look at before you chose to file bankruptcy. Most bankruptcy lawyers offer free consultations, go get one and tell the lawyer what your house is worth and what you owe on it and you will know the answer to your question.
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