Bankruptcy ?
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Posted by Jer
(24.158.147.91) on May 04, 2004 at 19:21:13:
I assume that if I file for bankruptcy that my house would be exempt.....it's mortgage to the hilt. However, I have a rental property which has a 1st. and 2nd. mortgage on it as well. Would the rental property be an exemption under bankruptcy or would it be sold. I don't have any equity in it...I owe more on it than it would sell for. I live in TN. Please advise.
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