Selling an Inherited Home in Pasadena, Deer Park or La Porte, Texas: What Families Need to Know — Including Transitions to Nursing Homes or Assisted LivingInheriting a home can feel
Let's Talk Chapter 7 vs Chapter 13 Bankruptcy
Dated: August 15 2025
Views: 72
Which one should you choose?
🔶 CHAPTER 7 – Liquidation
Filing fee: $338
Attorney fees: $1K–$2.5K (upfront)
No monthly trustee payments
Keep home if exempt; court OK to sell
Keep car if current & exempt
Credit hit: 10 years
Refile after 8 years
🔶 CHAPTER 13 – Reorganization
Filing fee: $313
Attorney fees: $3K–$5K (in plan)
3–5 years of monthly trustee payments
Keep home, catch up on arrears; court OK to sell
Car in plan; possible cramdown over 910 days
Credit hit: 7 years
Refile after 2 years
- Can purchase another home 1 day after being released from Bankruptcy.
Debbie Grigg
Debbie Grigg: The Realtor Who Turns Houses into Homes If you were to meet Debbie Grigg for the first time, you’d immediately sense her passion—not just for real estate, but for people. With a ....
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