Can I Keep My Home If I File Bankruptcy in Delaware?

Delaware’s homestead exemption allows a homeowner to keep $50,000 of equity in the homeowner’s primary residence if the homeowner files for bankruptcy. The homeowner may be able to remain in possession of the home if the homeowner continues to pay off the mortgage as directed by the bankruptcy court and does not own significantly more than $50,000 in equity in the home at the time the bankruptcy is filed.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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