Submitted by nah_just_ocd t3_z815dy in personalfinance
Nitesen t1_iyaj46w wrote
Reply to comment by MinistryofTruthAgent in Help! Drowning in debt. by nah_just_ocd
Can i buy a nice house, rack up debt, file bankrupcy and live in said house because, i live in it so they cant take it? Hm.
MinistryofTruthAgent t1_iyakv3a wrote
Actually yes. In a Chapter 7, as long as your payments on your house are current, they can’t take your house. I believe Chapter 13 bankruptcies as well have these protections.
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