Legal Question in Bankruptcy in Pennsylvania
Keeping home
I'm curious to know if you can keep your home filing chapter 7. I own my home jointly with my mother. The house is currently upside down about 50,000. The main reason i'm looking at bankruptcy is a failed business with some personal guarantees. No credit cards would need to be discharged. Thank you,--name removed--
Asked on 2/02/09, 12:52 pm
1 Answer from Attorneys
Matthew Nahrgang
Nahrgang & Associates, P.C.
Re: Keeping home
Yes. As long as you pay the mortgage, you will keep the home. The debt related to the business will be discharged.
I hope this answers your question but do not hesitate to call or e-mail on a free initial basis.
Answered on 2/02/09, 6:21 pm
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