QUESTION
Will I lose my house if I file a chapter 7?
Asked on Nov 20th, 2013 on Bankruptcy - Florida
More details to this question:
I am married, unemployed, I will file bankruptcy as individual, no personal assets, I have credit card debts and medical bills. My name is in the Warranty Deed of the house that my husband has a mortgage. Car loan under my husband name. He is not going to file.
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
There is no way to answer your question without getting all the relevant information from you.
Whether you can keep your house in a Chapter 7 depends on the following:
The fair market value of the house
The amount of liens secured against the house
What exemptions are available to you under applicable law in your case to protect the equity in your home.
Whether you can stay current with the payments on the mortgage (of course)
You need to have a consultation with an experienced bankruptcy attorney in your area to analyze all the particulars of your situation and answer your question.
Answered on Nov 21st, 2013 at 7:48 PM