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

Filing for Chapter 7 Bankruptcy in Washington can be a complicated process. In some cases, the filer may be able to keep their home. Whether or not this is possible depends on a few different factors. First and foremost, the filer must show the court that they can afford to keep up with their mortgage payments, property taxes, and fees related to the property. If the court determines that the filer cannot afford these payments, then they may not be able to keep their home. Additionally, the court will consider any equity the filer may have in the home. If there is equity and it is above a certain amount, then the court may require the filer to sell their home and pay off some of their other debts with the proceeds. Lastly, the court will look at any other assets the filer may have. If the filer has other assets that could be used to pay off their creditors, then it is unlikely that they will be able to keep their home. Overall, the ability to keep one’s home after filing for Chapter 7 Bankruptcy depends on a variety of different factors. It is important for the filer to consult with an experienced attorney to determine what their best options are. If the filer meets certain requirements, then they may be able to keep their home.

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

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