In the 1990s, the state began to experiment with awarding and managing construction contracts using the design-build system. Figure 1 summarizes the various legislation authorizing state and local entities to use design-build under specified circumstances.
A low payment means you're more likely to be able to demonstrate to the court that you have the capability to make such a payment, which means it's more likely you'll be granted Chapter 13 bankruptcy, which means you'll keep your house.
Most Chapter 7 bankruptcy filers can keep their homes as long as they are current on their mortgage payments. A few lose their home if they have significant equity that can be used by the trustee to pay unsecured creditors.n this case, the Chapter 7 bankruptcy trustee may sell your home, give you the amount of the homestead exemption, pay off mortgage and lien holders, and use the rest to pay off unsecured creditors. For more in-depth information, see Nolo's section on Chapter 7 Bankruptcy and Your Home.