Rental Property and Investment Real Estate

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If you file for bankruptcy, what happens to your rental or other investment property depends, in large part, on whether you file for Chapter 7 or Chapter 13 bankruptcy.

In Chapter 7 bankrputcy, the homestead exemption does not protect nonresidence real estate. So if you have equity in the property, you may lose it.

In Chapter 13 bankruptcy, you keep your property, including investment real estate. And you may be able to reduce the amount of the loan in certain situations. But the income from your investment may increase the amount of your monthly payment to the bankruptcy trustee.

For information about real estate you live in, see Your Home in Bankruptcy.

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You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

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