Comments on: Backruptcy affecting house? http://www.bankruptcy-help-resources.com/backruptcy-affecting-house/ Quick Answers to Bankruptcy Questions & Understand How Bankruptcy Laws Affect You Thu, 03 Dec 2009 17:06:21 +0000 hourly 1 http://wordpress.org/?v=3.1 By: pazporamor http://www.bankruptcy-help-resources.com/backruptcy-affecting-house/#comment-2243 pazporamor Tue, 15 Sep 2009 14:45:28 +0000 http://www.bankruptcy-help-resources.com/backruptcy-affecting-house/#comment-2243 (It's bankruptcy, not "backruptcy", a/k/a "BK".) It varies, state by state, so you'll have to check out the specific laws where you live. A BK attorney can tell you. But in general, you get some type of homestead rights to your primary residence. Keep in mind that you don't have to include all of your debts in the BK. If the mortgage on the house is good, you don't have to include it, and they will never know about it unless you tell them. You can probably go to the library, or even a large bookstore and find books about the BK process. (You don't have to buy the books, just sit an read them so you can learn.) (It’s bankruptcy, not “backruptcy”, a/k/a “BK”.)

It varies, state by state, so you’ll have to check out the specific laws where you live. A BK attorney can tell you.

But in general, you get some type of homestead rights to your primary residence. Keep in mind that you don’t have to include all of your debts in the BK. If the mortgage on the house is good, you don’t have to include it, and they will never know about it unless you tell them. You can probably go to the library, or even a large bookstore and find books about the BK process. (You don’t have to buy the books, just sit an read them so you can learn.)

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