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Bankrupcy

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Joanie Guest	Posted: Sun Feb 14, 2010 2:13 am    Post subject: Bankrupcy Like 0 Dislike 0 I Live in Hawaii. If I file chapter 13 can I keep my rental property which provides income and also keep my home? The rental property is in default. How do I protect my home? Do I need to homestead it? Thanks
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Feb 14, 2010 10:10 pm    Post subject: Like 0 Dislike 0 Hi Joanie, Chapter 13 helps you in reorganizing your debts. If you include your property in your bankruptcy filing, you will get a repayment plan from your lender. You will have to pay off your dues as per the plan within 3-5 years. Thus, you would be able to protect your home. Thanks

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