What Happens to Your Home After Bankruptcy in California?

When you are weighed down by crushing debt and unable to keep up with bills, it is understandable that you would consider all possible options to resolve your financial struggles. Bankruptcy in California may be a solution for many debtors, and there are numerous benefits that could support your goals. When you discharge eligible debt, you get a fresh start, easing your stress and opening the door to new opportunities. You can accomplish your goals through either Chapter 7 or Chapter 13, whichever type of bankruptcy suits your circumstances. For many debtors in California, ‘Home After Bankruptcy’ emerges as a critical consideration

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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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