[barsdebt]

We're in the process of filing a chapter 7 bankruptcy. We were told that if they took our house we'd get $30,000 cash, but they may not take the house. We were told that it could go either way. Our lawyer told us to be prepared that they sell the house. Honestly after our 30K expemtion, mortgage balance & closing costs there may only be 5 - 15K left for them. Do they usually take a house for that amount? Or are my chances of keeping the house pretty high? What else do they look at when making the determination? How many of you have experience with chapter 7 & have been able to keep your house & how many have had the Chapter 7 trustees take it to sell it? Thank you in advance for any replies

[Fr_Chuck]

As they said it is completely up to the judge and how hard the other creditors are fighting for every penney they can get.

So there is just no way to tell