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cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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Can a person file for Chapter 7 if they own a home in a retirement

Resolved Question:

Can a person file for Chapter 7 if they own a home in a retirement community, whose laws prohibit using the home as collateral, or borrowing on it? Credit
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.

cfortunato :

Hi - my name is XXXXX XXXXX I'm a Bankruptcy attorney here to assist you.

cfortunato :

Yes - you can file a Chapter 7

cfortunato :

Bankruptcy even though you own a home in a retirement community.

cfortunato :

There is no prohibition against filing a Bankruptcy if a person owns a home - whether in a retirement community or not.

cfortunato :

In fact, many persons who file Chapter 7 Bankruptcies own their own homes.

cfortunato :

I think this is what you wanted to know. If not, please let me know.

Thank you.

cfortunato :

Is this what you wanted to know?


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