 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Can creditors seize my home
Under Missiouri law, can credit card creditors go after my house if it's paid and clear? I became disabled and between the loss of income and health insurance and issues, I fell far behind. I have tried but I will never be able to pay these off. In fact the payments I do make are taking away money I need for food. It's pretty bad. I'm 66 years old. Thanks.
|
||||
|
||||
|
I can't find specifics for MO for protection against creditors. MO laws does allow you to protect up to $125K of real property against bankruptcy. Generally, most states do not allow unsecured debt to seize real property. So the likelihood of them being allowed to seize your home is extremely small. The most that could happen is, if they get a judgment against you, a lien would be placed on the home, meaning it could not be sold until the debt is satisfied. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Lost job in 06, finally took early social security, only income. Collectors calling 8 to 10 times a day. Can not pay debt. They are demanding and have threatened to seize my home and car (Florida homesteaded and car is 12 years old) What can I do?
Credit card debt is supposed to be "unsecured," but what does this mean? Before I settled one cc debt, they attached (?) my credit union account (which fortunately had only $25 in it). I stilll have others, the main one for 30K. I keep only a small amount in my bank account now, so this won't...
My engine locked I'm now pretty sure it's due to no oil, how do I start cutting again... :(
My boyfrieend was driving his brothers truck and was arrested for a pss w/intent charge can we get the truck out
If I lose a banks lawsuit... what happens? No money/ assets
View more questions Search
|
