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Bankruptcy in Phila., PA

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Bamboocradle

Guest
My brother (60 yrs old) is filing bankruptcy in Phila., Pa. He lost his job and wife became very ill. He claims that in Phila., he can lose his house. House is paid for. I researched if this is so, & came up with nothing. I, myself was going to file bankruptcy in Fla., but I own nothing, so I was sent home (Yeah!) (I also became ill & went thru all assets. I am in the process of filing for SSDI). Info I was given in a document, "If you own 1 home & reside in home, creditors generally cannot force you to sell the home to pay off the debt." Is there any validity to what my brother said? Mom, 86 yrs old, is not buying his story, although she does acknowledge that he's definitely run into a very difficult time. She asked me to find out what I cld. She's worried abt him.
Thank you for any info you can give me to pass on to my mom.

Joan
 


HomeGuru

Senior Member
You have asked a loaded question. And the answer could be a yes or a no. The BK petitioner has an option to file BK under the BK laws of either the State or Federal. In addition, you have not specified what Chapter would be used ie. 7 or 13. So there are numerous variables. Post on the BK board.
 

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