Thanks for watching! As I mentioned, you can take our Bankruptcy Exemption Calculator here: tryascend.com/qualify/bankruptcy/exemptions/route/ythouse If you have any questions, feel free to give us a call at 833-272-3631!
Hey Travis, comments like these are what keep motivating us to provide more unbiased content! It's our pleasure and we are so glad it was helpful. If you have any questions, feel free to give me a call at 833-273-3631!
@@AscendFinance Thank you, I already contacted you guys recently. I am now set up with a well reviewed attorney in my area. Really appreciate what you do; bankruptcy truly is a second chance for me and my family. My lawyer is extremely knowledgeable and has made this stressful situation as smooth as possible.
Thank you so much for the kind comment! I am so glad that you got a fresh start and that the attorney was so kind and helpful! We wish you all the best!
Awesome content appreciate the one question I have I can't seem to find out is. If only one person files for bankruptcy and your married both jointly on the mortgage how does that effect your spouse?
GREAT question. From my understanding you can file a bankruptcy independently and it would only affect the debt in your name. However you would need to disclose your spouses income for Chapter 7 qualification and to calculate your repayment plan if you do a Chapter 13. Let me know if you need help finding an attorney! Call/Text 833 272 3631
I know this is 2 years later and I do apologize, but I have to know something. What if my house is paid for completely paid for and it was give to me and it was put in a laugh state. Deed would that affect bankruptcy? In any way? Form of fashion or would I lose? My home
If I sale my home after I file bankruptcy and my equity is 275000 will I lose my equity ? If yes, how long do I have to wait before I can sale without losing my equity?
Hey Aztec, it most likely depends on your state's homestead exemption. For instance, in Texas, you should be able to file Chapter 7 and protect all of your home equity. However, each state is different. If it's helpful, give me a call at 833-272-3631 and I provide some insight into your state and situation.
Hey! Thanks for the great question. It depends on how much the home is worth and the state exemption (if it's for a chapter 7). Feel free to give us a call at 833-272-3631 and we can explain it!
So, you already filed a Chapter 13 bankruptcy? Did you file with an attorney or on your own? Please feel free to reach out as this may be easier to discuss over the phone - 833-272-3631. -Ben
So my question is how long can you stay in your home after all debts including mortgage have been discharged? It’s hard for me to fathom that you can stay in the home indefinitely as there is still a mortgage lien on it correct?
You mortgage debt can only be wiped in a bankruptcy if you give up the property making it an unsecured debt. If you keep the property the mortgage would still be a secured debt "secured" by the property. If you don't pay on it you may lose it in a foreclosure
![Bankruptcy - [Keeping your House and Car]](http://i.ytimg.com/vi/QspST8Kw4FQ/mqdefault.jpg)
![Bankruptcy - [Keeping your House and Car]](/img/tr.png)
Thanks for watching! As I mentioned, you can take our Bankruptcy Exemption Calculator here: tryascend.com/qualify/bankruptcy/exemptions/route/ythouse
If you have any questions, feel free to give us a call at 833-272-3631!
Thank you for everything you do.
Hey Travis, comments like these are what keep motivating us to provide more unbiased content! It's our pleasure and we are so glad it was helpful. If you have any questions, feel free to give me a call at 833-273-3631!
@@AscendFinance Thank you, I already contacted you guys recently. I am now set up with a well reviewed attorney in my area. Really appreciate what you do; bankruptcy truly is a second chance for me and my family. My lawyer is extremely knowledgeable and has made this stressful situation as smooth as possible.
Thank you so much for the kind comment! I am so glad that you got a fresh start and that the attorney was so kind and helpful! We wish you all the best!
We filed for bankruptcy and trustee is saying our 2 front home 3room apartments (not rented now) be exempt from homestead act.
Thanks for sharing your experience!
good advise sir bankruptcy
Thanks! We definitely strive to provide unbiased information, as we are not here to advise but let me know if you have any questions!
Awesome content appreciate the one question I have I can't seem to find out is. If only one person files for bankruptcy and your married both jointly on the mortgage how does that effect your spouse?
GREAT question. From my understanding you can file a bankruptcy independently and it would only affect the debt in your name. However you would need to disclose your spouses income for Chapter 7 qualification and to calculate your repayment plan if you do a Chapter 13.
Let me know if you need help finding an attorney! Call/Text 833 272 3631
I know this is 2 years later and I do apologize, but I have to know something. What if my house is paid for completely paid for and it was give to me and it was put in a laugh state. Deed would that affect bankruptcy? In any way? Form of fashion or would I lose? My home
Hey! Sorry I am a little confused by the question but it may depend on the state exemptions and how much equity is in your home.
If I sale my home after I file bankruptcy and my equity is 275000 will I lose my equity ? If yes, how long do I have to wait before I can sale without losing my equity?
Hey Aztec, it most likely depends on your state's homestead exemption. For instance, in Texas, you should be able to file Chapter 7 and protect all of your home equity. However, each state is different. If it's helpful, give me a call at 833-272-3631 and I provide some insight into your state and situation.
@@AscendFinance thank you for the invite, I will call you Monday. Enjoy your weekend
@@aztecwarrior6138 Our pleasure! Thanks, I hope you had a great weekend as well.
Can I keep my home claiming bankruptcy, and my home is all paid up have no mortgage
Hey! Thanks for the great question. It depends on how much the home is worth and the state exemption (if it's for a chapter 7). Feel free to give us a call at 833-272-3631 and we can explain it!
Can I claim that in NJ
Hi, thanks for the comment. Do you mean claim an exemption?
I’m under a bankruptcy, I do not have homeowners insurance, can I be foreclosure under a chapter 13
So, you already filed a Chapter 13 bankruptcy? Did you file with an attorney or on your own? Please feel free to reach out as this may be easier to discuss over the phone - 833-272-3631. -Ben
So my question is how long can you stay in your home after all debts including mortgage have been discharged? It’s hard for me to fathom that you can stay in the home indefinitely as there is still a mortgage lien on it correct?
You mortgage debt can only be wiped in a bankruptcy if you give up the property making it an unsecured debt. If you keep the property the mortgage would still be a secured debt "secured" by the property. If you don't pay on it you may lose it in a foreclosure