answersLogoWhite

0


Best Answer

Do you have a right to? No.

May it happen..possibly.

In big picture: If you don't have (much) equity, that is the home isn't worth more than the loans against it....AND you can satisfy the other creditors you owe, without needing the court to reduce what you owe them...you can probably keep it. (Obviously, if your behind on mortgage payments, that too is a problem). You cannot expect to have your obligation to pay others what you contracted and owe discharged or reduced, and for you to keep things of value that could have been used to pay them! (Wouldn't seem very fair for them to lose their houses because they can't pay their mortgage because you didn't pay them...but you get to keep your valuables).

Certainly, someplaces homestead laws may afford you some protection for a reasonable amount of that equity.

User Avatar

Wiki User

βˆ™ 16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you keep your house in a chaper 7?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How long after chaper 7 bankruptcy does it no longer appear on your credit report?

10 years for a chapter 7.


What does get mean in proverb chaper 4 verse 5 and verse 7?

Get means to acquire or obtain


What can be the answer to lesson 7 chaper 7 page 162 question 2?

I have no way of knowing what book that is. Please write the question down.


Are series ee savings bonds exempt when filing chaper 7 bankruptcy?

As they are issued by the government, yes, the are exempt from Chapter 7.


Do you underline a chaper of a book?

no


In chapter 7 can you keep the house?

Yes. you can keep the home. Make sure to consult a bankruptcy attorney


Is the immoral woman in Luke 7 Mary magdalene?

Yes the lady mentioned in the gospel of Luke chaper 7 verse 36 onwards was indeed Mary Magdalene.. But she later changed her ways.


Can you file Chapter 7 and keep your house and car?

Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.


Name 7 things you should keep locked at all times?

main house/apartment door


Can i keep house and car in banruptsy?

It depends on what type of bankruptcy you're talking about. The most commonly referred to would be chapter 7 in which you would be allowed to keep a vehicle, however the house would be sold off.


Are you allowed to keep your primary home and investment property if file you chapter 7 or 13?

If I file chapter 7 or 13 how long can I stay in my house?


Why does ben goes to the jeep in chaper 13 and 14?

Because i dont know