San Fernando, CA asked in Banking and Bankruptcy for California

Q: Bankruptcy and keep home?

Can we file bankruptcy and keep home?

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5 Lawyer Answers
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Depends on home value, mortgages and equity in property. Those numbers are all needed for a ballpark guesstimate to answer your question.

Peter Maurice Lively agrees with this answer

Michael Jay Berger
Michael Jay Berger
PREMIUM
Answered
  • Bankruptcy Lawyer
  • Los Angeles, CA
  • Licensed in California

A: That depends on many factors, including how much equity you have in your home, whether or not you live in your home, how old you are, who lives with you, whether or not you are current on the payments on your home, what your income and other assets are,and how much your debts are.

Call me for a free consultation and get the right answer, tailored to the facts of your situation.

310-271-6223.

Peter Maurice Lively
Peter Maurice Lively
Answered
  • Bankruptcy Lawyer
  • Culver City, CA
  • Licensed in California

A: There may be a risk for the sale of a residence in chapter 7 depending upon many factors. Chapter 13 does not present a risk of your residence being sold by the bankruptcy trustee. You should consult with an experienced bankruptcy attorney regarding your facts and circumstances to determine your options.

Harlene Miller
Harlene Miller
Answered
  • Bankruptcy Lawyer
  • Irvine, CA
  • Licensed in California

A: Your question can't be properly answered without more information. Depends on what type of bk, value of property, value of your other property, secured debt on the property, etc. Locate a bankruptcy attorney in your area from this site - or contact me regarding half hour no charge consult.

Theodore Allan Greene
Theodore Allan Greene
Answered
  • Bankruptcy Lawyer
  • Sacramento, CA
  • Licensed in California

A: Most people can keep their home but it depends on a lot of factors. You really need to sit down with a Bankruptcy attorney and go over all your options. Do not try to do it on your own when a house is at stake.

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