Are you asking if it can be taken in a bankruptcy case, or outside of a bankruptcy? What is the value of the property? What chapter are you filing (if you are filing)? What is the value of all your other assets? Your question is too broad and insufficient facts to answer.
If you are filing a Chapter 7 case, then the land can be taken unless you have sufficient exemptions available under applicable law to protect its value. Exemptions are "protections" for value you have in certain assets such that they are "exempt" from collections. Every state has different exemptions amounts available. Exemption laws are based on the state where you resided for the 2 years prior to filing your bankruptcy case or, if you lived in more than 1 state during that period, in the state where you resided for the greater part of the 180 days prior to that 2 year period.
In a chapter 13 case, you can keep the property, but would have to pay out over time to your creditors what they would receive in a Chapter 7.
Mark J. Markus, Attorney at LawCertified Bankruptcy Law Specialist--State Bar of CaliforniaHandling exclusively bankruptcy law cases in California since 1991.http://www.bklaw.com/bankruptcy blog: http://www.bklaw.com/bankruptcy-blog/Follow Me on Twitter: @bklawr
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