Frequently Asked
Questions
Q. What are the reasons a judge would allow creditors to
take my home after I've filed
bankruptcy?
A. You filed a chapter
7. You fail to file a
reorganization plan or other required documents on
time . You default on
your scheduled Chapter 13 or Chapter 11
payments. Your income
is insufficient to execute a reorganization plan within the
court's guidelines. The asset in question will not be needed to
reorganize. The value
of the asset is rapidly eroding.
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Questions
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