Foreclosure & Alternatives Law

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

Vermont protects the first $75,000 of home equity from unsecured creditors through the state homestead exemption law. That means that if a Vermont homeowner has $75,000 or less in equity in the home, is up to date on his or her mortgage and can continue making regular mortgage payments then the bankruptcy court is likely to allow the homeowner to keep his or her home even if the homeowner files for bankruptcy.