Re: I'm going to lose everything

Posted by Ladynred (199.91.33.254) on October 21, 2003 at 14:00:49:

In Reply to: Re: I'm going to lose everything posted by stetz on October 21, 2003 at 13:28:18:

Ok. The site I use to look up exemptions was a bit vague. Here's what it says on antoher site:

"The homestead, to the extent of $30,000 of every person may be exempt from attachment, execution or foreclosure by a judgment creditor and from any proceeding of receivers or trustees in insolvency proceedings. If the homestead is owned jointly by two persons, each joint owner is entitled to an exemption of $30,000.00. Homestead refers to a dwelling house and land occupied by the debtor or occupied by him although the dwelling is on land owned by another person provided the dwelling is owned, leased or being purchased by the debtor. (42-10-9.) If the debtor does not own a homestead, he may claim exemptions, in addition to other exemptions, of real or personal property in the sum of $2,000 in lieu of the homestead exemption. (42-10-10.) "

So, you are correct :)

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