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What Happens to Investment Real Estate in Bankruptcy?

Sawin & Shea

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. If there is non-exempt equity in your investment property you will need to pay creditors the value of that equity (minus estimated costs of sale).

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. If you are not, this test determines how much you are required to pay back to your unsecured creditors in a Chapter 13 reorganization. This will also apply to personal property that classifies as a residence, such as a mobile home.

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How to Prevent Bad Debts in 2023. Tips from a Debt Collector

Debt Recoveries

Today, professionals carrying mobile EFTPOS machines and accepting payment after completing services include plumbers and electricians. As a result, it is significantly safer than an unsecured creditor in the case of insolvency. . Please contact us at email@debtrecoveries.com.au Do you employ a credit management system?