Keeping a Home in Bankruptcy
A common misconception of bankruptcy is that those who file will be stripped of everything and left to live in a cardboard box. This is not true. As is often the case, those who go into bankruptcy owning a home often come out of it still owning their home. In fact, most individuals that do lose their homes in bankruptcy voluntarily decide to give it up because the home is so upside down. Arizona offers a rather generous homestead exemption that allows homeowners to protect $150,000 equity in a primary residence.
If you think bankruptcy may be in your immediate future and have questions about how this will affect your home, call (480) 648-8975 today for your FREE bankruptcy consultation. With the help of an experienced Arizona bankruptcy attorney you can determine the best solution for your financial situation.