NTM

The answer is that you probably can, but there are two big factors to consider. Equity Equity is basically how much your house is worth after the mortgage is subtracted. For example, if your house is worth $100,000 and there is a mortgage of $85,000, then you have $15,000 of equity. In Alabama we have …

Can I Keep my Home if I File Bankruptcy? Read More »

The answer is that it depends on the situation. For a Chapter 7, you have to not have too much equity in the car, and you need to be able to be current on the payments within about 2 months after filing. If you are far behind on the payments, a Chapter 13 is the …

Can I Keep my Car if I File Bankruptcy? Read More »