Can I file bankruptcy without my spouse knowing?

Can I file bankruptcy without my spouse knowing?

It is possible to file bankruptcy without your spouse knowing. You may want to get a PO Box if you do not check the mail.

Can I lose my house in bankruptcy?

When you file for bankruptcy, you are allowed to keep some property, called exempt property. At the time of publication, California lets you keep $100,000 as exempt property if a family lives in the home. Since the state exemption is greater than your equity, you can stop the bankruptcy trustee from selling your home.

Do you keep your house in bankruptcy?

As long as you make your monthly payments, the home is yours to keep. If you don’t pay your mortgage, the bank can take the house back by way of a foreclosure. That’s true even after you get a bankruptcy discharge. Because of this, keeping your home means keeping your mortgage.

What happens to your house in bankruptcy?

If you file for bankruptcy under Chapter 13, you will get to keep all of your property, whether it’s exempt or not. In Chapter 13, you must propose a repayment plan to pay off some or all of your debt. Once you’ve made all your payments, all dischargeable debts are wiped out.

Can I keep my house and car if I file bankruptcy?

If I file for bankruptcy, can I keep my property? If you file for Chapter 13 bankruptcy, the answer is yes. In exchange, you may keep your property (including your car and home), assuming you keep up with payments on any loans secured by the property — and keep making your repayment plan payments.

Will I lose my car and house in Chapter 7?

You Must List All Debts and Assets When You File Bankruptcy. By applying bankruptcy exemption laws to their lists of assets, most people filing Chapter 7 bankruptcy are able to keep their houses and cars if: Their budgets enable them to keep up with a mortgage and car loan payments.

Can you file bankruptcy on credit cards only and keep your house?

Credit cards are one of the easiest, but most expensive, ways to borrow, so it’s no wonder that credit card debt is a major reason for filing for bankruptcy. Bankruptcy, a legal way to have many debts forgiven, can eliminate credit card and other unsecured debt, and may still allow you to keep your home.

Can creditors come after spouse?

“In California, once creditors receive a judgment, they can collect against either spouse because we’re a community property state,” says John G. Stein, an attorney in Elk Grove, Calif. Creditors can take money (known as a garnishment) from bank accounts.