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    lyonsmusic's Avatar
    lyonsmusic Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 12, 2009, 03:55 PM
    Can I be forced to sell my home?
    I have accumalated a large amount of unsecured credit card debt. The amount of debt exceeds the value of my home, that I own. No mortgage. What I am wanting to know is can the debtors ffile suit against me and force me to sell my home? Chapter 7 bankruptcy nor Chaper 13 are an option due the value of my home. I look forward to hearing from anyone who has knowledge on this.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 12, 2009, 04:08 PM

    Generally, your home is exempt from unsecured debt. At most, they might be able to place a lien against your home, but not force you to sell.
    danielnoahsmommy's Avatar
    danielnoahsmommy Posts: 2,506, Reputation: 297
    Ultra Member
    		  
    #3

    Jul 12, 2009, 04:11 PM

    Whatnabout getting a mortgage on your home to settle some of your debt?
    danielnoahsmommy's Avatar
    danielnoahsmommy Posts: 2,506, Reputation: 297
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    #4

    Jul 12, 2009, 05:18 PM

    she said the amount of debt is more than the value of her house, that is why I said most.
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