Foreclosure & Alternatives Law

Can I Keep My Home If I File Bankruptcy in Delaware?

Delaware’s homestead exemption allows a homeowner to keep $50,000 of equity in the homeowner’s primary residence if the homeowner files for bankruptcy. The homeowner may be able to remain in possession of the home if the homeowner continues to pay off the mortgage as directed by the bankruptcy court and does not own significantly more than $50,000 in equity in the home at the time the bankruptcy is filed.