Legal Question in Bankruptcy in New Jersey

Does one always lose one's home in bankruptcy?

Is it possible to keep one's house when unvolved in bankruptcy? If so,what are the particulars involved? Thank you in advance in answering my question.


Asked on 1/01/02, 8:36 pm

1 Answer from Attorneys
Stuart G. Brecher Law Offices of Stuart G. Brecher, LLC

Re: Does one always lose one's home in bankruptcy?

One may keep one's home despite being a debtor in a bankruptcy proceeding. The particulars depend on the circumstances of the case, including among other things the Chapter under which the bankruptcy is filed or pending (i.e., 7, 11 or 13), the amount of equity in the home, whether the mortgages on the home are current or can be brought current. If you would like to further explore or discuss your situation in the context of a private in-office consultation, feel free to call my office at (973)664-1090.

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Answered on 1/02/02, 3:24 pm


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