Despite filing for bankruptcy, it may be possible for a homeowner to keep his or her home. However, it may be necessary to walk away from the home due to financial issues that may make it hard or impossible to keep making that payment each month. For those who want to walk away from their home during a bankruptcy, there is a way to do it.
Before learning how to walk away from a home after filing for bankruptcy protection, it is important to know what type of bankruptcy is involved. For those in a Chapter 13 repayment plan, a homeowner would have to ask for the case to be dismissed and then try to strike a deal directly with creditors. Homeowners who are current on their mortgage may not even list it in their bankruptcy case as it deals with unsecured debts.