Saturday, August 16, 2014

Is it possible to file personal bankruptcy and keep your home? I have a full time job (40+ hours) and own an LLC Contracting Business.

Question

Is it possible to file personal bankruptcy and keep your home? I have a full time job (40+ hours) and own an LLC Contracting Business.



Answer

It is possible to file bankruptcy, yes. However, the type of bankruptcy you qualify for may not be chapter 7 (based on your income and assets). If you have a moment to give me a ring, I'd be glad to review your numbers and advise on whether a chapter 13 or a chapter 7 is the most likely successful path for you.



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