If you file bankruptcy and you own a new manufactured home thats is payoff, wil creditor go afte that.?

Question

If you file bankruptcy and you own a new manufactured home thats is payoff, wil creditor go afte that.?

Answer 1

Depends on the laws in your state. Bankruptcy exemptions vary widely from state to state. Check the link below,

http://www.debtworkout.com/states2.html

Answer 2

Depends on if you are filing a chapter 7 or chapter 13 bankruptcy. A judge may look at it as you are able to pay creditors and make you do a chapter 13. In a chapter 13 you have up to five years to pay back all your creditors and your home and auto is protected as long as you make your payments.

Answer 3

It really depends on the situation.  I don't really think the banks want another house that will go unsold for a couple of months