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.

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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