What Happens to Your House After Bankruptcy in California?

If you are burdened with the weight of choking debt, you may be looking into bankruptcy options to ease your financial struggles. Depending on how far you have researched, you might already know that your assets are important for both Chapter 7 and Chapter 13 bankruptcy. For many filers, the residence is the most valuable, significant asset in the case. You will certainly want to know what happens to your house after bankruptcy in California, and the outcome varies depending on your circumstances.

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