Items in a living room, eligible for assets in a bankruptcy estate.
What is a Bankruptcy Estate?
May 18, 2017
Will Creditors Stop Harassing Me When I File for Bankruptcy?
June 21, 2017
Show all

Will I Lose My House in a Bankruptcy?

Our Professional Answer

Well, homes are generally protected by the Homestead Exemption in Florida if you filed. If you haven’t paid your mortgage, the mortgage lender can foreclose on your home, even if you file bankruptcy. The key here is the bankruptcy will ensure that the mortgage foreclosure does not come back to you. Meaning, if there’s a deficiency, you won’t be required to pay it, and you won’t be legally obligated to pay it after you filed for bankruptcy.