Tuesday, February 7, 2012

Can I keep my house and/or car if I file for bankruptcy?

There are ways to keep your home in bankruptcy.   What will happen to your home will depend on the type of bankruptcy you file, the amount of equity in your home, where your home is located and whether your home is owned jointly with someone else

There are many factors that affect whether or not a person filing bankruptcy can keep their vehicle.  These factors include how much your vehicle is worth, how much you owe on the vehicle and how far behind you are on the payments at the time you file a bankruptcy case.