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

Massachusetts law provides homeowners with a generous homestead exemption if they face bankruptcy. Massachusetts homeowners have the first $500,000 worth of equity in their property protected from unsecured creditors. That means that as long as the homeowner does not have significantly more than $500,000 worth of equity in the home and can continue to pay the lender the regular mortgage payments that the homeowner is unlikely to lose his or her home during a bankruptcy proceeding.

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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