Can I still keep my home if I file for bankruptcy?
Asked a year ago
Yes, it is possible to keep your home if you file for bankruptcy. The outcome depends on factors like the type of bankruptcy you file and your ability to continue making mortgage payments. Chapter 7 bankruptcy may involve liquidation of assets, including your home, to pay off debts. However, Chapter 13 bankruptcy allows you to restructure your debts and develop a repayment plan, which may allow you to retain ownership of your home. In this case, you must continue making mortgage payments as agreed. To understand your specific situation, it is crucial to consult with a bankruptcy attorney who can assess your case and guide you through the process, ensuring your best interests are protected.
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