Can I Keep my Home if I File Bankruptcy?

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

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Can I Keep my Car if I File Bankruptcy?

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 …

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