Chattanooga Home Sales Improving

The Impact on Divorce and Bankruptcy

Chattanooga home sales and resale values are improving with a 15% increase in sales in the third quarter according to a Times Free Press article. It is also reported that the typical single family home sold for an average of $13,200 more than the same period last year.  This good news and will likely have an impact on persons filing bankruptcy and couples going through a divorce.  In a bankruptcy case the value of the home is a key issue in determining if you want to try to save the home from foreclosure in a chapter 13, or if you may lose your home to the bankruptcy Trustee in a Chapter 7 .  In a divorce the value of the home is a determining factor in division of marital assets and often is a consideration to be weighed in the question of filing divorce and bankruptcy at the same time.

For all of your legal needs in the Chattanooga, TN area contact the general practice attorneys of Purple Law Firm.

Also Read:

1. Southeast Tennessee/Northwest Georgia Home Sales show a Slight Increase
2. Stop Foreclosure on Your Home
3. Divorce and Bankruptcy : Consider carefully when divorcing if you need bankruptcy.
4. Bankruptcy in Chattanooga Just Got Easier
5. Can you file a divorce and bankruptcy at the same time?