Your Home in Bankruptcy and How Bankruptcy Impacts Your Mortgage
Your Home in Bankruptcy and How Bankruptcy Impacts Your Mortgage
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How to Protect Your Home in Bankruptcy
Find out what happens to your home in Chapter 7 and Chapter 13 bankruptcy. You'll about filing for Chapter 7 bankruptcy when you're behind on your mortgage payments, what it means to "exempt" equity in your home, how to determine how much home equity you can exempt in bankruptcy, how Chapter 13 works to save one's home, and when you can “strip” liens from junior mortgages and HELOCs in Chapter 13 and pay substantially less than you owe.
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Can I Keep My Home in Chapter 7 Bankruptcy?
Filing Chapter 7 bankruptcy doesn't necessarily result in the loss of your home. Here's how it works.
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How Chapter 13 Bankruptcy Affects Mortgages and Foreclosure
Learn about the options you have for dealing with your mortgage or foreclosure in Chapter 13 bankruptcy, including catching up on arrearages and stripping off junior liens.
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What Happens with a HELOC in Bankruptcy?
Debt from a home equity line of credit is discharged in bankruptcy, but the lender may foreclose depending on the circumstances.
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Your Home in Bankruptcy: The Homestead Exemption
Learn about an important bankruptcy exemption for homeowners -- the homestead exemption.
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Should I refinance before or after bankruptcy?
Learn whether it is better to refinance your mortgage before or after bankruptcy.
Bankruptcy and Foreclosure
Bankruptcy and Foreclosure
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Should You File for Bankruptcy Before or After Foreclosure?
For most people, filing for Chapter 7 bankruptcy before foreclosure is better than the other way around.
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Can I File an Emergency Bankruptcy Petition to Stop a Foreclosure Sale?
If you need to stop foreclosure in a hurry, you can file an emergency bankruptcy petition.
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Using Bankruptcy When Facing Foreclosure
Learn how filing for bankruptcy affects a foreclosure.
Common Questions About Homes in Bankruptcy
Common Questions About Homes in Bankruptcy
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Should I file for bankruptcy if I have equity in my home?
If you have equity in your home, your state's homestead exemption and your financial circumstances will dictate whether bankruptcy is a good idea.
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Should I Still Pay My Mortgage if I'm Filing for Bankruptcy?
If you want to keep your home, you'll want to stay current on your mortgage, even in bankruptcy.
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Can I Eliminate a Second Mortgage in Chapter 7 Bankruptcy?
Usually you cannot strip junior liens, second mortgages, or HELOCs in Chapter 7 bankruptcy. But you might be able to in Alabama, Florida, and Georgia.