What will happen to your home and mortgage in Chapter 7 bankruptcy? Can Chapter 7 help you prevent or avoid foreclosure?
In Chapter 7 bankruptcy, the homestead exemption protects many people's homes. But if you have lots of equity in your home, you might lose it. And if you are behind in your mortgage, Chapter 7 does not provide a way to catch up. Find out more below.
For articles on real estate other than your home, see Rental and Investment Property in Bankruptcy.