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What Happens to Investment Real Estate in Bankruptcy?

Sawin & Shea

MARCH 15, 2022

The process involves liquidating non-exempt assets property to pay creditors. The homestead exemption can protect different types of homesteads such as a traditional home, mobile home, trailer, or farm, but it does not protect equity in investment property. Contact an Indianapolis Bankruptcy Attorney.

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

APRIL 10, 2024

For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. Chapter 7 is also known as liquidation bankruptcy because it involves liquidating (selling off) non-exempt assets belonging to the debtor to repay creditors and lenders. They cannot take legal action against you or seize your assets.

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