If you own a house and file for bankruptcy, whether you will be able to keep the house depends on several factors. One way to understand how this works is to understand what is supposed to happen in a bankruptcy case. When you file for bankruptcy, the idea is that all of your possessions will
New York Homestead Exemption: Can Creditors Take My Home?
When a debtor files for bankruptcy or is being pursued by a judgment creditor, there are certain items of property that the debtor is allowed to keep even though he or she owes money. One of the exemptions is for an interest in the debtor’s home, and is called the homestead exemption. The homestead exemption