New Hampshire exempts $100,000 worth of equity in one’s primary residence from being used to pay unsecured creditors in bankruptcy proceeding. Therefore, if a homeowner has about $100,000 or less in equity in his or her property and continues to make monthly mortgage payments in full and on time then the homeowner is likely to keep his or her home in a bankruptcy proceeding.
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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.