Posted on: 14th Feb, 2010 01:13 am
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
How do I protect my home? Do I need to homestead it?
Thanks
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
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