There are too many different variables to answer that question as it currently is asked. It depends on numerous factual issues. Issues such as: the amount of equity in the home, if the bankruptcy is a joint filing, and the amount owed on the home are all factors to be considered.
You should consult a local bankruptcy attorney. Most bankruptcy attorneys offer a free initial consultations to determine if bankruptcy is appropriate for each client.
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.
Answered on Oct 18th, 2012 at 4:40 PM