Can I Keep My House and Car in a Bankruptcy?
Orlando Lawyer Helping You Keep Property After Bankruptcy in Florida
As an Orlando bankruptcy attorney, I know one of my clients’ main concerns when filing bankruptcy is being able to keep their house and car. Fortunately, Florida has a very nice homestead exemption that willallow you to keep your house so long as you can make the mortgage payment.
Can’t make the mortgage payment? In that case, maybe filing Chapter 13 is the answer. Filing Chapter 13 bankruptcy in Orlando means you could qualify for a mortgage modification. If your loan cannot be modified, you can still benefit from filing Chapter 13 because you will have up to 5 years to repay the mortgage payments you have missed.
It is also possible to hold on to your vehicle in either a Chapter 7 or Chapter 13. Whether applying the available exemptions towards a car you own outright, or advising you to just stay current with your vehicle payment, as an Orlando bankruptcy lawyer, I can help you keep your car if that is what you want to do.
I look forward to explaining to you exactly how I can help you keep your house and vehicle when filing bankruptcy. 407-898-8225