Legal Question in Bankruptcy in Ohio

my home

we are filing a chapter 7 this week...what about the home. if we do chapter 7 and dont make anymore payments ? can you file chapter 7 on your home? how long do you have to move ? or is this just a foreclosure?


Asked on 9/24/07, 1:53 pm

1 Answer from Attorneys
Frank Rozanc Frank J. Rozanc, Esq.

Re: my home

If you file a Chapter 7, and do not continue to make the payments, then the mortgage company will file a motion for relief from the bankruptcy stay, and initiate foreclosure proceedings. Even if you do make the payments, you are only entitled to 5K credit max in accrued equity.

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Answered on 9/27/07, 8:12 pm


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