Which option is better to keep home at bankruptcy?
Date: Thu, 05/16/2019 - 23:21
Which option is better to keep home at bankruptcy?
Which option will help keep home in bankruptcy - Chapter 7 or Chapter 13?
Depends on the type of home
Depends on the type of home you're speaking of. You won't lose your home in straight bankruptcy provided you don't have much home equity and you're current on your home loan. However, if you're facing foreclosure or have equity, then Chapter 13 bankruptcy is a suitable option for you.
If you have have equity on
If you have have equity on your home or facing foreclosure, then a chapter 13 bankruptcy is best option for you.
Bankruptcy is a complicated
Bankruptcy is a complicated subject. If you think, you are not able to repay your debts, then filing bankruptcy makes sense. However, you should consult with an attorney for best help.