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