Re: Freaked out!

Posted by J Kelly (151.197.60.35) on February 04, 2004 at 20:30:45:

In Reply to: Re: Freaked out! posted by In Deep Sh*t on February 04, 2004 at 20:21:48:

No, it depends on the equity in the house. You can have up to 200,000 equity. The homestead exemption is what you are allowed if they get a judgement against you or file bk. It works this way, if your husband files bk, his exemption for the house is 200,000. I live in a tenants by the entirety state. That meant that when I filed bk (individual) my house was protected by my state bk exemptions. In bk, )even though my name is on the house) the house belonged to my husband. Your attorney may tell you to get the house out of his name anyway.

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