Virginia  |  Bankruptcy

Legal Question

Asked on: 11/17/06, 2:43 pm

mortgage

If I claim bankruptcy and I have a mortgage. Can anyone take my home from me? I do not want my morgage to be part of the bankruptcy.

1 Answer


Answered on: 11/17/06, 4:10 pm by John Sawyer

Re: mortgage

You cannot exclude your mortgage from any chapter of bankruptcy. Whether you can keep your home or not depends on the chapter of bankruptcy that you file, the equity you have in your property, the manner in which you hold title and whether or not you have joint debts.

You need to speak with a local bankruptcy attorney on this type of issue.


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