Legal Question in Bankruptcy in California

Real Estate Property Other Than Home

If we file for Bankruptcy Chapter 7, we would like to keep our home in Lake Elsinore, still owe 140,000, worth 145,000,

we would like to keep one credit card,bal -1800

we would like to keep 7 1/2 acres land in Penn. owe 14,000 worth 22000.

we would like to keep 1 real estate lot in Oregon..owe nothing worth 2000

would like to keep 2 lots in New Mexico..owe nothing worth about 2000.. Is this possible when filing chapter 7..-


Asked on 5/27/00, 9:58 am

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Real Estate Property Other Than Home

Yes, it should be possible, depending on what the value of all your other assets are. If you would like a free consultation, please give me a call and I will be happy to assist.

Read more
Answered on 7/09/00, 2:11 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California