Legal Question in Bankruptcy in Maryland
personal bankruptcy
Can the mortgage company forclose on my mortage if I declare personal bankruptcy,and what would I be entitled to keep.Do I lose my car? Could I keep any savings I have. What exactly does the law say.
1 Answer from Attorneys
Re: personal bankruptcy
The answer depends on a number of factors: which chapter of the bankruptcy code you file under, whether your mortgage payments are current, whether there is any equity in your home, etc. In most bankruptcies, people keep everything they have, but the exceptions are many.
I'd suggest speaking with a local bankruptcy attorney, who can review your specific situation and let you know exactly what you can and can't do. If I can help, please feel free to e-mail me at [email protected] or call me at (301) 924-4400.
Brett Weiss
http://www.erols.com/lawyer
Brett Weiss
Brett Weiss, P.C.
18200 Littlebrooke Drive
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