0
YOU file bankruptcy. (Not your house).
It involves ALL of your asserts and liabilities...not only those you want it to or chose.
Your house is one.
The mortgage on that house is another.
The taxes on that property, yet another.
On and on it goes.
All are given different classes or levels of priority. Some are even exempt - either as a debt to be excused, or an asset to be used. Again, you don't chose (because you would say include only what I owe and don't want, exempt or exclude everything else. Like thinking it would be right if I don't want the mortgage or the tax, but I do want the house.). And the creditors don't chose...can you guess why? (Although the most they would likely ask for it to get what you promised to pay them).
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
When do i file head of house hold?
how do you file head of house hold for garnishments
How do you file a lien on a homeowner association?
To file a lien on homeowner association you have to file at the court house.
What happens when the second home is placed in bankruptcy by mistake and is not your primary residence?
what happens when you file bankruptcy and your second home you own as an investment is placed in the bankruptcy by mistake the house getsfor closed on and sold but no title search is done to see that there are actually two mortgages on the house who is responsible for the second mortgage
What happens if a homeowner does not make payments on their mortgage?
The bank will start foreclosure proceedings. They will file a complaint against you in court and seek judgment. The house can then be sold in a sale or auction.
What happens if you are being sued in LA and you have no money?
The person can take your house, car, and any possessions. You also have to file bankruptcy.Added: If the suit is successful, the creditor can also file a lien against any future income or assets you may accrue.
What happens to an audio file if it's too lossy?
The audio file won't sound good.
If you are coowner of a house can you file bankrupt?
Yes
Can you file your house under workman's comp?
No
What happens if you file a false grant form?
you get arrested -_-
What happens when it is time to file your taxes if you claim too many allowances?
Get more money back when you file
How long do you have to be separated in order to file for divorce in the state of Alabama?
You don't have to be separated to file for divorce. Move out of the house/apartment and file.
What happens if you cannot pay on your credit cards anymore?
File Bankruptcy or take a lien out on your house. You might even be able to call them before you do those things and see if they will work with you on a minimum payment.
