If I
file Chapter 7 bankruptcy, can my attorney or someone else sell my home in the
future to pay off debt? I'm confused about the security of my home when filing
Chapter 7. I don't have equity now, but I'm sure in the future there will be
some.
-Liz
Dear Liz,
This is an excellent question. I sometimes wonder whether this fear inhibits people from filing for bankruptcy protection. I have seen this fear keep someone from filing when the house value would not have been an issue, only to file much later when the value became an issue.
Dear Liz,
This is an excellent question. I sometimes wonder whether this fear inhibits people from filing for bankruptcy protection. I have seen this fear keep someone from filing when the house value would not have been an issue, only to file much later when the value became an issue.
Read more: http://www.foxbusiness.com/personal-finance/2013/08/20/how-safe-is-my-home-in-chapter-7-bankruptcy/#ixzz2ccZdbgdY
