Legal Question in Bankruptcy in Massachusetts
Keeping My Home
If I file a Chapter 7 to get rid of my debts, can I keep my primary home?
Asked on 11/27/01, 8:44 pm
1 Answer from Attorneys
William McLeod
McLeod Law Offices, PC
Re: Keeping My Home
Your can keep your home if (1) you are up to date on your mortgage payments; (2) you can afford your mortgage payments; (3) you have filed a declaration of homestead before you file bankruptcy; (4) the amount of equity in your home does not exceed $ 300,000.00 and (5) you live in your home.
Answered on 11/27/01, 11:16 pm
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