Chapter 7 Bankruptcy Exemptions
Chapter 7 bankruptcy is it?
What if the value of your home is $ 6,000.00 in federal exemption in the state of New Jersey? The capital federal grant is $ 20,200. The amount of equity in the house is 26,000. I have no other secured debt. My vehicle is 10 years and 110,000 miles on it and pay. My credit card unsecured debt is approximately 35000.00, the administrator can still try to sell the house >?????? What should I do? C'Town Sorry but you are wrong. I did a little research. And if I can get a free consultation, but I've got "free advice" from two different lawyers and both gave confliciting legal advice on the subject. Go future. Meanwhile, I'll keep trying to find the answers.
When you take the ordinary expenses account for sale in the amount of capital left? I usually figure selling costs by about 8% of the price. If the trustee does not can get anything, leave the property. Your lawyer will guide you through the minefield.
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