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Re: Wife's Credit Card Debt--Lien against house??


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Posted by Gus (206.73.59.122) on January 15, 2004 at 17:02:00:

In Reply to: Re: Wife's Credit Card Debt--Lien against house?? posted by WHY CHAT on January 15, 2004 at 08:25:17:

Check your state exemptions (in the bankrupcy chapters), leins can not impair your exemption in equity.

I.E. House value 100K, Loan 90K, 10k equity. If you are allowed 10k in exempt equity, no leins. If leins are applied, you can fight the get them stripped.


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