Can I keep my house in a Chapter 11 bankruptcy?

Yes, you can keep your house in a Chapter 11 bankruptcy in North Dakota. Chapter 11 bankruptcy law allows individuals or businesses to reorganize their debts and keep their assets while they develop and implement a repayment plan. The repayment plan must be approved by the court. In the process of a Chapter 11 bankruptcy in North Dakota, you may be able to keep your house by filing a plan of reorganization. This plan will set out how you will repay your creditors over a period of time, while allowing you to keep your house. During a Chapter 11 bankruptcy in North Dakota, you must keep up with all mortgage payments or risk foreclosure or repossession of your house. If you file for Chapter 11 bankruptcy, you will still be responsible for paying mortgage payments that are due while the case is pending. The bankruptcy court will also monitor your payment plan and could potentially reject the plan if payments aren’t made on time. Overall, you can keep your house in a Chapter 11 bankruptcy in North Dakota if you develop and follow a repayment plan that is approved by the court. It is important to keep up with all mortgage payments and any other debts in order to avoid foreclosure or repossession. Be sure to discuss your situation with a qualified bankruptcy lawyer to ensure that you understand all the requirements and consequences of filing for Chapter 11 bankruptcy.

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