A: Typically, your house can be protected. It depends on the amount of equity of in your home. Bankruptcy law provides exemptions or protections in equity for each debtor. Generally, equity is defined as the value of your asset minus the loan secured by the asset. For example, if you are the sole-owner of a home and the value is $100,000.00 with a mortgage of $50,000.00, you have $50,000.00 of equity in your home.
The amount of the exemption depends on your jurisdiction, which is where you live.
About the Author
Attorney Roger J. Yehl has been achieving successful outcomes
during pre-trial negotiations as well as in the courtroom, defending
clients on nearly all types of bankruptcy cases.
Copyright © 2026. The Law Offices of Roger J. Yehl. All Rights Reserved.