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Maverick
Maverick, Attorney
Category: Bankruptcy Law
Satisfied Customers: 6273
Experience:  20 years of professional experience
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how can I claim bankrupt, with out lossing my house

Resolved Question:

how can I claim bankrupt, with out lossing my house?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Maverick replied 7 years ago.

Depending on your income and the median income in your area, you may qualify for a Chapter 7 bankruptcy. If you do, then you can have the credit card debts wiped out and keep you home and your home mortgage in tact by reaffirming the home loan with the lender and informing the bankruptcy court of your decision to do so before your bankruptcy is completed.

 

If you do not qualify for a chapter 7, then you can do essentially the same thing uder a chapter 13, but here you will have a payment plan to pay back some of the credit card debt based on your income.

 

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