Dillon Law

If you file for Chapter 7 bankruptcy and you are behind on your mortgage, you could lose your home. This depends on your equity in the property and your state's homestead exemption. If there is an automatic stay, you can request that the bankruptcy court lift it to begin foreclosure. In a Chapter 13 bankruptcy, you can keep your home as long as current and missed mortgage payments are part of the plan.











Saturday, July 13, 2024

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