Q: I live in New Jersey and own a home. I would like to know if I file bankruptcy if I would lose my house?
A: No, you do not have to lose your home. In fact by filing a Complex Chapter 13 Bankruptcy and seeking a mortgage loan modification through the Bankruptcy Court's mortgage modification. You need to retain an experienced mortgage foreclosure defense and bankruptcy attorney, who has a proven track record of success. You need to retain the best attorney you can afford.
A: It depends on what it is worth, how many people are on the deed and what liens exist against it.
A: Not necessarily. You should hire an experienced bankruptcy attorney to assess your financial situation.
No you don’t have it lose your home if you file bankruptcy. It’s best to speak with a Bankruptcy lawyer who can review your case and determine which exemptions would be right for you!
Karra L. Kingston Esq.
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