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.
If you have equity in your home (meaning your home is worth more than what you owe on it), the homestead exemption may allow you to keep it if you file for Chapter 7 bankruptcy.The homestead exemption comes into play in Chapter 13 bankruptcy as well.he homestead exemption is different for each state and the federal system. If your state allows you to use the federal bankruptcy exemptions, you can currently exempt $22,975 (or $45,950 if you are married and jointly filing bankruptcy) under the federal homestead exemption.