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BANKRUPTCY & FORECLOSURE
PROTECTING EQUITY IN YOUR HOME
Q:
CAN I KEEP MY HOME IF I FILE BANKRUPTCY?
A:
Many people avoid filing bankruptcy because they are afraid they will lose their home. In reality, bankruptcy may be the best way to protect your home, regardless of how much equity you have in it.
At the Orantes Law Firm in Los Angeles, we offer a free initial consultation to discuss your debt problems and give you honest answers about your options with respect to your home. You will have no obligation to hire us following this consultation.
Q:
CAN I PROTECT A SECOND HOME OR COSTLY HOME?
A:
If you own rental or vacation property, you can keep your property and reduce the outstanding mortgage to the current market value through a cram down. If you own very significant property, you can protect it by filing Chapter 11 bankruptcy.