Do I get to keep my home in New York in bankruptcy?

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Whether a debtor gets to keep his or home in a bankruptcy case depends on a number of factors, such as whether or not there is equity in the house, how much of a homestead exemption the debtor is able to claim, if there is a mortgage — whether the debtor is current with mortgage payments to the lender or not, and finally what chapter of bankruptcy the debtor files (i.e., Chapter 7 or Chapter 13).

For further information regarding chapter 13, please review our prior Blog posts ( Chapter 7 or Chapter 13 Bankruptcy Filing in New York? ), ( New York Chapter 13 Bankruptcy Eligibility Requirements and Issues), and ( What are the benefits of chapter 13 (why file chapter 13 instead of chapter 7)?)

At Starr & Starr, PLLC we are active in representing debtors in bankruptcy cases, including cases where the debtors own homes. Please feel free to contact us at 888-867-8165 or by e-mail at info@starrandstarr.com to schedule a consultation.

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Toll Free: (888) 867-8165 Phone: (212) 867-8165 Fax: (212) 867-8139
Email: info@starrandstarr.com
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*LIMITATIONS REGARDING INITIAL CONSULTATION AND NEEDS ASSESSMENT MEETING (commonly known as free consultation): An "Initial Consultation and Needs Assessment Meeting" is allotted a maximum duration of 20-30 minutes. The purpose of this meeting is to evaluate the feasibility and appropriateness of potential bankruptcy solutions and to determine whether Starr & Starr, PLLC can provide representation. Please note that a single initial consultation and needs assessment meeting will be provided per individual debtor group or business entity group and its owners. Complete terms and conditions may be found at Disclaimers

**The American Board of Certification is not affiliated with any government authority. Certification is not a requirement for the practice of law in the State of New York and does not necessarily indicate greater competence than other attorneys experienced in this field of law. We are a law firm that, among other things, assists individuals with filing for bankruptcy relief under the Bankruptcy Code and may be considered a Debt Relief Agency in connection with such practice.

The American Board of Certification is not affiliated with any government authority. Certification is not a requirement for the practice of law in the State of New York and does not necessarily indicate greater competence than other attorneys experienced in this field of law. We are a law firm that, among other things, assists individuals with filing for bankruptcy relief under the Bankruptcy Code and may be considered a Debt Relief Agency in connection with such practice.

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