Will I Lose My House?


In almost every case, you will be able to keep your home after bankruptcy.

Very few people lose their homes in bankruptcy. If you are behind on your payments, a chapter 13 bankruptcy will allow you to stop a pending foreclosure and catch up any late payments.

  • A great many people owe more on their homes than the homes are worth. That would mean a minus equity – and you could keep the house
  • If you have less positive equity than the state-allowed amount, you can keep your home.
  • The amount of equity that is protected varies by state.
  • The debt on your home cannot be discharged. You must still pay the mortgage.

You do not have to keep your home. You may decide that, going forward, the mortgage and the amount you owe does not make staying a priority. Talk to a lawyer about your choices.

Call 1-877-ONE-DEBT and talk about how bankruptcy affects home ownership.

Our attorneys want you to have all the facts about bankruptcy before you make a decision about what to do. That is why we offer a FREE initial consultation.