Pros And Cons Of Keeping Your Home When You Declare Bankruptcy
One of the biggest questions that people think about when it becomes clear that they might have to declare bankruptcy is whether or not they'll lose their home. The idea of being homeless, while not applicable to most bankruptcy situations, is certainly a sobering thought. It's important to discuss this topic at length with your bankruptcy attorney. Depending on the type of bankruptcy that you declare, you may be able to keep your home, or your home may be seized.