I have two rental houses. Each house is about $15,000 underwater. The mortgage payment is $1,100.00 for each house. Rent income per house is $750.00. Maintenance expense per month is $50 for each house. Will I be able to keep these houses in bankruptcy even though the expense of keeping them is more than the rent income they bring in? I would like to keep them. In general can a person keep rental houses in bankruptcy or is it a luxury? Thanks!
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