Can I Keep My Home If I File Bankruptcy in North Carolina?

The homestead exemption in North Carolina is set at $18,500. If a homeowner has more equity in the home or has trouble making mortgage payments then the homeowner might lose his or her home in a bankruptcy. However, if the homeowner has $18,500 or less of equity in the home and can make his or her mortgage payments then he or she will likely keep the home in bankruptcy proceeding.

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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