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Cedar Rapids, Iowa Attorney practicing in Iowa primarily in Personal Injury, Employment Law, Family Law, Civil Litigation and Appeals, Personal Injury and Agricultural Law. Lawyers at the Day Rettig Peiffer, P. C. are dedicated to serve their clients in Iowa, including the cities of Des Moines, Fort Dodge, Ames, Cedar Rapids, Iowa City, Davenport, Dubuque, Waterloo, Adel, Marshalltown, Pella, Decorah, Eldora, Johnston, Ankeny, Muscatine, Ottumwa, Manchester, Elkader and Burlington , and the communities that make Polk, Webster, Story, Linn, Johnson, Scott, Dubuque, Black Hawk, Dallas, Marshall, Marion, Winneshiek, Muscatine, Wapello, Delaware, Clayton, Hardin and Des Moines counties. |
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| Question: |
| If I file bankruptcy, will I lose my home? |
| Answer: |
If you file for Chapter 7 bankruptcy and you are behind on your mortgage, you could lose your home. This depends on your equity in the property and your state's homestead exemption. If there is an automatic stay, you can request that the bankruptcy court lift it to begin foreclosure. In a Chapter 13 bankruptcy, you can keep your home as long as current and missed mortgage payments are part of the plan.
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DISCLAIMER: The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you should consult an attorney for individual advice regarding your own situation.
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If you would like to schedule a initial consultation contact an Iowa bankruptcy attorney representing clients in Marshalltown, Iowa at the Day Rettig Peiffer, P. C.. Give us a call at (866) 472-3270 or email us at info@drpjlaw.com.
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