Wednesday, January 21, 2015

File Bankruptcy and Keep Your Home

Most people who file for a Chapter 7 Bankruptcy, in Kalamazoo and Southwest Michigan, are able to keep their home.  In Michigan, homeowners can file for Bankruptcy (Chapter 7 or Chapter 13) and exempt, by using federal law or Michigan law, a portion of the equity in their home.  Generally speaking, most people who file for Bankruptcy keep their homes.