If I file Bankruptcy, can I keep my home? 

In most cases, you can keep your home. It depends on how much equity [the value of the home minus any lien(s)] is in the home and if you can afford the payments (if any).  If you owe money on your home, the equity cannot exceed $38,225. If you are 65 or older, the amount increases to $57,350. If the equity in your home exceeds the limit, then you may still be able to keep the home depending on your situation. You must be current on your payments and you must keep making the payments.  

If you do not owe any money on your home, then you can keep it if the value does not exceed $38,225. If you are 65 or older, the amount increases to $57,350. If the equity in your home exceeds the limit, then you may still be able to keep the home depending on your situation.

Please call our office for a FREE initial consultation to discuss whether Bankruptcy will work for you. 

 

Please call our office for a free initial consultation* 

Battle Creek:               (269) 968-1101

4625 Beckley Rd, Bldg 400

Battle Creek, MI 49015, USA                                      

Portage:                       (269) 324-7344

1662 E. Centre Ave

Portage, MI 49002, USA

info@wallingplc.com

* Except Asset Protection & Family Law consultations