Q: Will I lose my home if I file a bankruptcy petition pursuant to Chapter 7?

A:  This will depend upon several factors including, but not limited to, your ownership interest in the property, the value of the property, the aggregate amount of the liens encumbering the property, the amount of any homestead exemption you claim, the extent to which you are in default under the terms of the note and mortgage, and your ability to cure any default.   Before filing a petition, you should meet with experienced counsel at Kirschenbaum & Kirschenbaum, P.C. to review the facts specific to your case, and to evaluate the likelihood that you will be able to retain your home.