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

Kentucky follows the federal homestead exemption laws. That means that $15,000 worth of equity in the property is exempt. If the homeowner has $15,000 or less of equity in the home and is able to keep paying the mortgage than the bankruptcy court is likely to allow the homeowner to keep the property.

Speak to an Experienced Foreclosure and Alternatives Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.

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