Can I keep my house after filing for Chapter 7 Bankruptcy?

Yes, you can keep your house after filing for Chapter 7 Bankruptcy in West Virginia. Under West Virginia law, certain exemptions apply when filing for Chapter 7 Bankruptcy in the state. These exemptions allow individuals to keep certain assets, including their home, when filing for chapter 7 Bankruptcy. The exemption you can use to keep your house when filing for Chapter 7 Bankruptcy in West Virginia is called the homestead exemption. This exemption protects up to $20,000 worth of equity in your home, however, this amount varies depending on your county of residence. Under West Virginia law, a married couple is allowed to double the homestead exemption amount if they both own the house. In addition to the homestead exemption, West Virginia also allows individuals to exempt certain household goods, such as furniture and appliances, up to certain amounts. Some other exemptions you may qualify for when filing for Chapter 7 Bankruptcy in West Virginia include wages, personal injury awards, and public benefits. It is important to note, however, that if the amount of equity you have in your home exceeds your available exemptions, your house may still be sold to cover the debts you owe. In order to use the exemptions mentioned above, you must follow certain steps and provide certain documents such as proof of ownership of your home. If you are considering filing for Chapter 7 Bankruptcy in West Virginia, it is important to speak with an experienced lawyer to understand your rights and determine whether you can keep your house.

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Can I keep my house after filing for Chapter 7 Bankruptcy?

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