Impact of Bankruptcy on Real Estate

Bankruptcy And Real Estate : Navigating the Impact with Confidence

Bankruptcy is a legal process that allows individuals and businesses to discharge or reorganize their debts. Real estate can play a significant role in a bankruptcy case, as many individuals and businesses use their property as collateral for loans. In this report, we will discuss how bankruptcy can impact real estate and the options available to individuals and businesses in this situation.

When an individual files for bankruptcy, they have the option to include their real estate in the filing. This can include their primary residence, rental properties, or commercial properties. If the property is included in the bankruptcy, the individual may be able to discharge their mortgage or other liens on the property. However, it's important to note that this may also result in the loss of the property. In chapter 7 bankruptcy, the property may be sold to pay off the debts, while in chapter 13 bankruptcy, the individual may be able to keep the property by reorganizing the debt and making payments to the court for a period of 3-5 years.

For a free report on the topic please fill out the form on this page or call

Bankruptcy Hotline: 1-855-957-2205
MailBox ID: 4001



Fill out the form below to speak to us and learn more about bankruptcy:
We take your privacy seriously.
Your personal information is collected to send you the additional information that you requested about the real estate, mortgage, and affiliated products and services. If we cannot provide a product or service it may be provided by another agent or broker. For details please see the real estate marketing website privacy policy.
We use cookies to provide you the best experience on our website. Click here to view our privacy policy. By continuing to use this site we assume your consent to receive cookies.