Legal Question in Bankruptcy in Indiana
Bankruptcy
I have a mortgage and a home equity line of credit. I want to file bankruptcy to clear medical bills and credit cards. I would like to know if I am able to keep my home?
Asked on 10/11/08, 11:54 am
1 Answer from Attorneys
Martin Hancock
MARTIN HANCOCK
Re: Bankruptcy
Yes you can keep your home. Indiana's exemption provides for $15k homestead exemption ($30k married filing joint). So if you have less than $15k (or $30k) in equity your property is safe. You simply execute a reaffirmation agreement with the mortgage company. Good luck.
Answered on 10/11/08, 2:15 pm
Related Questions & Answers
-
Bankruptcy I have filed a chapter 7. I was asked by a man at the IRS why I didn't... Asked 10/01/08, 8:48 pm in United States Indiana Bankruptcy Law
-
How many times can I file bankrupcy how many times can I file bankrupcy Asked 8/14/08, 7:35 pm in United States Indiana Bankruptcy Law
-
Bankrupsey I filed in 2001, can I file again if I really need to Asked 8/13/08, 12:08 pm in United States Indiana Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
