If I declare bankruptcy, can I lose my house?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/Can I lose my house complete.mp4″ width=”590″ height=”443″ thumb=”default”]

While it is possible to lose your house in a bankruptcy, This generally does not happen if you use a bankruptcy attorney, and unless this is the desired result. Most people in both chapter 7 and chapter 13 keep their homes if that’s what they want to do. With the declining real estate values that we’re seeing in our current economy, there are a number of people who could keep their homes but decide that is not in their best interest to do so. Therefore, is not a function of the bankruptcy that causes the consumer to leave the house behind and let it go back to the bank, but rather it is the choice of the consumer.

Leave a Reply

Your email address will not be published. Required fields are marked *