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Articles Posted in Exemptions

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Will I lose my house in a Chapter 7 bankruptcy?

Not unless you would like to! It is understandable to be concerned about your home when thinking about filing bankruptcy to deal with other debt concerns. As long as you are current on your payments, the mortgage company cannot and will not foreclose.  They will send out a Reaffirmation Agreement…

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If I file bankruptcy, will I lose everything?

No.  Just because you are filing for bankruptcy, it does not mean you will automatically lose everything you own.  You are entitled to claim “exemptions”, which are things that creditors cannot take from you.  You must be honest with the Court and include a list of all your assets.  To…

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