Ocala Lawyer for Bankruptcy, Real Estate, and General Litigation


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What Happens to a Debtor’s Residence in Bankruptcy?

A question frequently asked from prospective clients is what would be the effect of their filing bankruptcy on their residence. There are several different scenarios which can play out. Which scenario applies to a particular debtor depends upon the bankruptcy chapter chosen, the amount owed on the property, and whether and to how much the loan is in arrears.

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Dennis Shea