CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Will I lose my home if I file for bankruptcy?

Transcription:

Hi, I’m Robert Geller. I am a consumer bankruptcy attorney in the Tampa Bay area. I wanted to answer some questions about whether you will lose your home if you file for bankruptcy.

I can say that with very, very limited exceptions that you do get to keep your home in Florida when you file for bankruptcy.

Florida offers people filing for bankruptcy a homestead exemption. This means your home is exempt when you file, which means the bankruptcy court or the bankruptcy trustee cannot take your home. They can’t take it to sell your creditors no matter what it worth. With the homestead exemption, you get to protect it and you get to keep it. This doesn’t mean you can stop making payments on your mortgage and there are instances in which you could still face foreclosure, but the court cannot seize your home and make it a part of the bankruptcy estate.

The other good news about your home and bankruptcy is that if you’re behind on your mortgage payments, filing for bankruptcy might even be a good thing for you. Filing chapter 13 can help you catch up on your mortgage payments or get them a mortgage modification.

Florida is very generous with the homestead exemption (some other states limit the exemption amount and if your home is worth more than a certain amount you could lose it). But in Florida, it doesn’t matter what it’s worth – it’s part of the homestead exemption and you might qualify for mortgage modification.

I’m attorney Robert Geller and I want to help you build a bridge to a brighter future.

Video Testimonials

Tampa Bankruptcy Law Blog

How Does Getting Married Affect Bankruptcy?

If you are considering bankruptcy, you may be wondering how getting married affects your ability to file. The answer is...
Read More

How Does Filing for Bankruptcy Affect a Vehicle Loan?

If you're considering bankruptcy, you may be wondering if you'll be able to keep your car. The answer depends on...
Read More

8 Ways to Deal with Student Loan Debt

If you're one of the millions of Americans saddled with student loan debt, you're probably looking for ways to minimize...
Read More

Tips for Handling Credit Card Debt

If you're struggling with credit card debt, you're not alone. The average American household owes nearly $6000 in credit card...
Read More

Don’t Fall for These Common Bankruptcy Myths

There are a lot of misconceptions out there about bankruptcy. Working with a debt defense attorney is one of the...
Read More

Can Filing for Bankruptcy Affect My Career?

It’s common for people considering bankruptcy to wonder how filing affects their job. The answer to this question depends on...
Read More

Can I Fix My Credit After Bankruptcy?

Wondering how to improve credit after bankruptcy? Here's what you need to know. Bankruptcy can be a fresh start for...
Read More

What Happens If I Can’t Afford Chapter 13 Bankruptcy?

Are you wondering what happens if I can’t afford my chapter 13 payments? Here's what you need to know when...
Read More

Help I Regret Filing for Chapter 7 Bankruptcy

Bankruptcy isn't the right choice for everyone. Depending on your unique financial situation, you may be able to find other...
Read More

How a Bankruptcy Attorney Helps You Avoid Problems When Filing

Do you know what mistakes to avoid when filing for bankruptcy? If you're considering filing for bankruptcy, it's important to...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions