The following is not financial, bankruptcy, legal or tax or any other type of advice or counseling. Please contact a professional in the appropriate field to review your SPECIFIC situation.

Will I Lose My Home If I File Bankruptcy?

If you are in a serious financial situation and fear losing your home please seek bankruptcy advice from a qualified bankruptcy attorney in your area. The information we provide here is general in nature and believe that you should never substitute legal advice for general advice found on the Internet.

If you are looking to save your home please use ihomesaver to contact a professional foreclosure mitigation specialist (people who save homes) for a free consultation on your options.

Will I lose my house? Not necessarily.

If there is NO equity in the property:

If there is no equity in the house (today's value less costs of sale less payoff balances on all liens) the trustee in a Chapter 7 will abandon the house to you. This means you could keep the home, as long as you pay the mortgages, back due amounts, and any outstanding debts.

A bankruptcy does not relieve the property of the liability for voluntary liens, like mortgages or deeds of trust, nor for tax liens. So, the lender retains the right to foreclose if you don't pay. Simply meaning that you may have more than one loan on the house and all of them need to be paid up to date or you could still possibly lose your home.

If you pay everything off then you might be able to avoid the bankruptcy. Remember, your really lender doesn't want to own your property; they want you to pay monthly payments on the loan that is after all how they make their money.

Foreclosure is a last resort for the lender if it decides it will not be able to get its money any other way.

If there is equity in your home:

Determine whether the exemptions available to you equal or exceed the equity in the property. If the equity is all exempt, you might be able to keep the house, so long as you pay the mortgages. What is exempt in a foreclosure?

Exemption are the values of types of property that is legally beyond the reach of creditors or the bankruptcy trustee. The debtor (You) in bankruptcy keeps the exempt property. What property may be exempted is determined by state and federal statutes, and varies from state to state.

If the exemption is not sufficient to protect the equity, consider Chapter 13.

Again, we want to be clear. If you face losing your home speak with an attorney local to you who understands all the details of the bankruptcy laws in YOUR state.

How can I avoid Filing For Bankruptcy?

If you would rather avoid the stigma, cost and stress of a bankruptcy and still eliminate your debts you do have a legal and effective option.

• Your Debts could be reduced by up to 50%*
• You could reduce your monthly expenses by half
• You don't need a loan, to be a home owner of even have good credit.
• You only need to take a couple minutes to see if your financial situation qualifies. Which is FREE.

By making a request on our site you will get a free FULL consultation from a professional debt relief provider who will answer all your questions, determine if your situation is right for debt reduction, estimate how much your debt can be reduced by and estimate when you can be debt free. You will get any and all costs associated with their service free and UP FRONT before you make any decision. It only takes a few minutes to generate your estimate, but you may spend as much time as you wish getting your questions answered.

If at the end of this consultation you are comfortable with the service and debt reduction amount you can start right away. If you feel this is not the right solution for you, you have absolutely no obligation or cost. Simply thank your counselor and say goodbye.

It's that simple to find out if you can avoid bankruptcy and reduce your debts.
Start now with our easy 2 step consultation process below:

	- Debts you wish to reduce Credit Card Debt Please select one None $3,501 - $4,000 $4,001 - $4,500 $4,501 - $5,000 $5,001 - $6,000 $6001 - $7,000 $7,001 - $8,000 $8,001 - $9,000 $9,001 - $10,000 $10,001-$12,500 $12,501 - $15,000 $15,001 - $17,500 $17,501 - $20,000 $20,001 - $22,500 $22,501 - $25,000 $25,001 - $27,500 $27,501 - $30,000 $30,001 - $32,500 $32,501 - $35,000 $35,001 - $37,500 $37,501 - $40,000 $40,001 - $42,500 $42,501 - $45,000 $45,001 - $47,500 $47,501 - $50,000 $50,001 - $52,500 $52,501- -$55,000 $55,001 - $57,500 $57,501 - $60,000 $60,001 - $62,500 $62,501 - $65,000 $65,001 - $67,500 $67,501 - $70,000 $70,001 - $72,500 $72,501 - $75,000 $75,001 - $77,500 $77,501 - $80,000 $80,001 - $82,500 $82,501 - $85,000 $85,001 - $87,500 $87,501 - $90,000 $90,001 - $92,500 $92,501 - $95,000 $95,001 - $97,500 $97,501 - $100,000 $100k - $150k + Other Unsecured Debt Please select one None $500 - $1,000 $1,001 - $1,500 $1,501 - $2,000 $2,001 - $2,500 $2,501 - $3,000 $3,001 - $3,500 $3,501 - $4,000 $4,001 - $4,500 $4,501 - $5,000 $5,001 - $6,000 $6001 - $7,000 $7,001 - $8,000 $8,001 - $9,000 $9,001 - $10,000 $10,001-$12,500 $12,501 - $15,000 $15,001 - $17,500 $17,501 - $20,000 $20,001 - $22,500 $22,501 - $25,000 $25,001 - $27,500 $27,501 - $30,000 $30,001 - $32,500 $32,501 - $35,000 $35,001 - $37,500 $37,501 - $40,000 $40,001 - $42,500 $42,501 - $45,000 $45,001 - $47,500 $47,501 - $50,000 $50,001 - $52,500 $52,501- -$55,000 $55,001 - $57,500 $57,501 - $60,000 $60,001 - $62,500 $62,501 - $65,000 $65,001 - $67,500 $67,501 - $70,000 $70,001 - $72,500 $72,501 - $75,000 $75,001 - $77,500 $77,501 - $80,000 $80,001 - $82,500 $82,501 - $85,000 $85,001 - $87,500 $87,501 - $90,000 $90,001 - $92,500 $92,501 - $95,000 $95,001 - $97,500 $97,501 - $100,000 $100k - $150k+ Secured Debts Please select one None $501 - $1,000 $1,001 - $1,500 $1,501 - $2,000 $2,001 - $2,500 $2,501 - $3,000 $3,001 - $3,500 $3,501 - $4,000 $4,001 - $4,500 $4,501 - $5,000 $5,001 - $6,000 $6001 - $7,000 $7,001 - $8,000 $8,001 - $9,000 $9,001 - $10,000 $10,001-$12,500 $12,501 - $15,000 $15,001 - $17,500 $17,501 - $20,000 $20,001 - $22,500 $22,501 - $25,000 $25,001 - $27,500 $27,501 - $30,000 $30,001 - $32,500 $32,501 - $35,000 $35,001 - $37,500 $37,501 - $40,000 $40,001 - $42,500 $42,501 - $45,000 $45,001 - $47,500 $47,501 - $50,000 $50,001 - $52,500 $52,501- -$55,000 $55,001 - $57,500 $57,501 - $60,000 $60,001 - $62,500 $62,501 - $65,000 $65,001 - $67,500 $67,501 - $70,000 $70,001 - $72,500 $72,501 - $75,000 $75,001 - $77,500 $77,501 - $80,000 $80,001 - $82,500 $82,501 - $85,000 $85,001 - $87,500 $87,501 - $90,000 $90,001 - $92,500 $92,501 - $95,000 $95,001 - $97,500 $97,501 - $100,000 $100k - $150k+ # of credit cards No Cards 1 2 3 4 5 6 7 8 9 10 Free Service to Help You Assess Your Options!

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