Chapter 13 with a Judgment Lien, HOA Lien, or Child/Spousal Support
Chapter 13 can work much better than Chapter 7 if you have a judgment or HOA lien on your home, or get behind on child or spousal support.
Chapter 7 Prevents Judgment Liens on Your Home
Filing a Chapter 7 case stops foreclosure of your home temporarily, helping you gather funds for your transition to your next housing.
Statutory Liens in Chapter 7
Statutory liens survive bankruptcy. Chapter 7 may still be able to help in various ways and be your best solution.
The Option of Surrendering Your Home Later in a Chapter 13 Case
As you decide whether to use the powerful tools of Chapter 13 to hold onto your home, it helps to know that you can later change your mind.
Protect Equity in Your Home Better with Chapter 13
If your home is exposed to your creditors and to the Chapter 7 trustee because it has too much equity, Chapter 13 can protect that equity.
Protect Equity in Your Home Not Covered by the Homestead Exemption
If your home is at risk because you have more equity than the amount of the homestead exemption, Chapter 7 might still save your home.
Catching up on Your Home Mortgage through Chapter 13
You have much, much more time to catch up on unpaid mortgage payments, as well as any unpaid property taxes.
Dealing with Statutory Liens on Your Home in Bankruptcy
Bankruptcy cannot remove contractor's liens or other statutory liens from your home, but both Chapter 7 and 13 can help you deal with them.
The Homestead Exemption Cap
Bankruptcy law sets a maximum dollar amount of protection for your recently-bought home, but this really applies to only a few states.
Upcoming Increase in Federal Property Exemptions
The federal exemptions are nudging up about 3%. But that only matters if you are allowed to use them, and are higher than your state ones.
A Fresh Start by “Stripping” Your Second Mortgage
Stripping your second mortgage could give your home the very best fresh start by saving you a tremendous amount of money.
A Fresh Start with a Mortgage Modification
Mortgage modification may reduce your monthly payments but not likely reduce your balance owed. So it costs less short-term, not long-term.
Chapter 7 and Chapter 13–Too Much Equity in Your Home
Most homeowners contemplating bankruptcy have their home equity protected by their homestead exemption. If not, consider Chapter 13.
Making Sense of Bankruptcy: Does Chapter 7 or Chapter 13 Better Protect Your Home?
Although either kind of bankruptcy will stop an approaching foreclosure, which one should you choose?
Making Sense of Bankruptcy: Protecting Your Home from Foreclosure with the “Automatic Stay”
Either Chapter 7 or 13 will stop a foreclosure, even if your lender unintentionally or purposely proceeds with the foreclosure sale.