How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Maverick Your Own Question
Maverick, Attorney
Category: Bankruptcy Law
Satisfied Customers: 6423
Experience:  20 years of professional experience
Type Your Bankruptcy Law Question Here...
Maverick is online now
A new question is answered every 9 seconds

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.


Please click "Accept" so that I can get credit for this answer. We can continue our conversation after that at no additional charge.


Maverick and other Bankruptcy Law Specialists are ready to help you