Understand if or not you could manage the fresh guarantee inside your home when you document a personal bankruptcy instance.

That have collateral in your house won’t prevent you from filing personal bankruptcy, nevertheless could be in danger of shedding the house if the you cannot include or “exempt” they. What are the results on security is based on:

• the brand new bankruptcy proceeding chapter you file, and you will
• just how long you’ve owned our home.

This new exemption program you happen to be permitted use may also come in gamble. Keep reading more resources for securing new collateral in your house when filing for personal bankruptcy. [Read more…]