Will I Lose My Home in Bankruptcy?

Will I Lose My Home in Bankruptcy? If you live in New York and worry about losing your home in bankruptcy, please know that this is not always the outcome. By working with a Homer bankruptcy attorney, we can determine whether or not your home is at risk. We’ll start with some questions such as: Who is the owner of the property? Is there one mortgage or more? What is the outstanding balance? Are the payments current? Many people believe that their home will be paid off in bankruptcy and, as such, nothing will be owed by the owner. In truth, the value of the home has to be determined if...

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