Will I lose my home if I file bankruptcy in California?

Whether you can keep your home depends, in part, on which “chapter” you choose to file. You have control over whether you keep your home in bankruptcy. You just need to file the type of bankruptcy that allows you to keep your home. The two most commonly used types of bankruptcy are Chapter 7 and Chapter 13. Chapter 13 is a debt re-payment plan based on your ability to pay. A chapter 7 simply wipes out unsecured debt and has no associated payment plan. A trustee is appointed to your case whether you choose a Chapter 7 or a Chapter 13. In a Chapter 7, the trustee is in charge of evaluating your assets and selling those that the law allows him to sell. If he sells anything, the proceeds

Featured Posts
Follow Me
  • Grey LinkedIn Icon
  • Grey Facebook Icon
  • Grey Twitter Icon
Contact Us

29970 Technology Drive, Suite 217

Murrieta, CA 92563

Tel: 951-304-3431

  • LinkedIn
  • Facebook
  • Yelp

© 2020 by The Ashcraft Firm

This is Attorney Advertising

Nothing contained herein should be considered legal advice.


Note: In accordance with Section 528(b)(2) of the United States Bankruptcy Code, readers of this message are advised that THE ASHCRAFT FIRM is a DEBT RELIEF AGENCY whose services may include helping people file for relief under the Bankruptcy Code.


IRS Circular 230 Disclosure: To ensure compliance with IRS's requirements, please be advised that any tax advice contained in this communication (including any attachments) is not intended or written to be used or relied upon, and cannot be used or relied upon, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.