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Up 31. What are the reasons a judge would allow creditors to take my home after Ive filed bankruptcy?

April 26, 2017Bankruptcy Creditors filed Home judge reasons

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Up 31. What are the reasons a judge would allow creditors to take my home after Ive filed bankruptcy?

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• You filed a chapter 7. • You fail to file a reorganization plan or other required documents on time • You default on your scheduled Chapter 13 or Chapter 11 payments. • Your income is insufficient to execute a reorganization plan within the court’s guidelines. • The asset in question will not be needed to reorganize. • The value of the asset is rapidly eroding.