Saving your Family Home - Nicholls Co

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Bankruptcy and Your Home

Saving your Family Home

Bankruptcy and Your Home

Don’t assume that you will lose your house Don’t just assume you will lose your home when you declare bankruptcy. It is possible you could stay. While declaring bankruptcy provides you with a fresh start, there are implications for the other members of your family if you lose your home. The co-owner – your wife, …

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Your Home and Bankruptcy

Don\’t assume that you will lose your house Don’t just assume you will lose your home when you declare bankruptcy. It is possible you could stay. While declaring bankruptcy provides you with a fresh start, there are implications for the other members of your family if you lose your home. The co-owner – your wife, …

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Bankruptcy and Your House

Click the headings below to read more about each topic: Can I stay living in my home? Will I have trouble renting a place to live? What happens to the shortfall on my mortgage? Do I have to keep paying the mortgage payments to the bank after I become bankrupt? Will bankruptcy stop me from …

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Will anyone come to my home?

FAQs | What Happens When You Become Bankrupt? Many people think that when they become bankrupt the trustee will send people to their house to check their furniture. This is not true. No one will come to your house to inspect your furniture. All communications with your trustee will be via phone or email or …

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Your House – essential facts

    Your house and bankruptcy Your House, Your Home You can remain living in your home (please read the full story here), providing you meet the requirements below: Your lender has a mortgage on the house and can sell it as ‘mortgagee in possession’ if you fail to make your payments. Those payments are …

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