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Will Declaring Bankruptcy Affect My Chance To Own A Home?

Will Declaring Bankruptcy Affect My Chance To Own A Home?

buying a home after bankruptcyOne of the greatest worries of persons declaring bankruptcy or even considering it is whether personal belongings are safe. Top among the list of personal belongings they fear for are their homes. Items such as cars and boats are often cited as important but homes ware always top.

In this article, Samuel Schwartz, one of the top Las Vegas bankruptcy attorneys sheds some insight into the subject.

To own a home obviously calls for serious investment. One will have gone to great lengths to save for the deposit and then to keep up with the mortgage requirements month after month for years, therefore the prospect of losing that kind of investment is sickening.

Well, be at ease. For the most part your home will be safe even when you are declaring bankruptcy. Unless it is valued at a very high sum (consult your bankruptcy attorney to know exactly how much) … Read the rest