805-617-3385
Free Consultations
Free Consultations
Bookmark
Print Page
The Law Offices of Rounds & Sutter, LLP serves clients in Santa Barbara, Goleta, Ventura, Oxnard, Lompoc, Santa Maria, Carpinteria, Ojai, Camarillo, Buellton, Solvang and Santa Paula, CA. We serve Santa Barbara County, Ventura County and San Luis Obispo County, California.
Copyright © 2010 by Rounds and Sutter, LLP All rights reserved. Disclaimer | Site Map Site Developed by Valley Lawyer Marketing
We are a debt relief agency,helping people file for bankruptcy relief under the Bankruptcy Code. Visit our Ventura bankruptcy practice website.
Information you obtain at this site is not, nor is it intended to be, legal advice. Consult an attorney for individual advice regarding your own situation.
Law Offices of
Rounds & Sutter, LLP
TEL (805) 617-3385
FAX (805) 832-6315
610 Anacapa St. Second Floor
Santa Barbara, CA. 93101
Map & Directions
1727 Mesa Verde Ave, Suite 120D
Ventura, CA. 93003
Map & Directions
Rounds & Sutter, LLP
TEL (805) 617-3385
FAX (805) 832-6315
610 Anacapa St. Second Floor
Santa Barbara, CA. 93101
Map & Directions
1727 Mesa Verde Ave, Suite 120D
Ventura, CA. 93003
Map & Directions
Bankruptcy and Your Home
Can I Keep My House if I File Bankruptcy?
An overriding concern for many contemplating bankruptcy is whether they will lose their house in the process. What happens to a house in after filing Chapter 7 or Chapter 13 bankruptcy is a function of several issues, and having a lawyer familiar with the law and how to best approach your situation can save you considerable trouble and stress.
Contact our Santa Barbara area bankruptcy lawyers today for a free initial consultation to see if filing bankruptcy is right for you: send an E-Mail or call 805-617-3385.
The Chapter 7 Bankruptcy Option Vs. Chapter 13
Chapter 7 bankruptcy for individuals permits debtors to remain in their home while they discuss options for keeping the property and reducing debt with their attorney. While you can keep your home in a Chapter 7 bankruptcy, it may not be your best option - Chapter 13 bankruptcy may work for you. Meeting with an attorney to review your situation will give the best possible options for your case.
Considerations Regarding Your Home and Bankruptcy:
- Your Debt: The overall amount and type of your debt will play a role, along with the factors below.
- Equity: If your equity in your home is above the allowed amount (exemption) the trustee may attempt to sell the house to pay your creditors.
- Your Mortgage: Your payment history and ability to make future payments will be a big factor in determining the course of action.
- Foreclosure: Chapter 7 typically delays the foreclosure process and making delinquent payments may help you keep your home. Chapter 13 may be a better option - as it “reorganizes” your debts.