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Wednesday, September 08, 2010

Can I keep my house if I file for bankruptcy?

You can keep your home in Nevada if the equity is less than $550,000.00 when filing for bankruptcy.

N.R.S. 21.090 (m) The dwelling of the judgment debtor occupied as a home for himself or herself and family, where the amount of equity held by the judgment debtor in the home does not exceed $550,000 in value and the dwelling is situated upon lands not owned by the judgment debtor.

Click Here for Nevada Exemptions (property you can keep)

 




The Law Office of Daniel A. Bonneville assists clients with Bankruptcy, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosures, Repossessions, Wage Garnishment and Creditor Harassment matters in Reno, Nevada as well as Sparks and Sun Valley in Washoe County.



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