ExpertLaw.com Forums

Chapter 13 bankruptcy exemptions

Printable View

  • 10-25-2005, 11:02 AM
    jeremy24175
    Chapter 13 bankruptcy exemptions
    My parents own two homes and don't want to keep one of them. They're planning on filing chapter 13 but do we have to keep the home we don't want? We've tried to sell it to no avail. What do we do.

    We also have three cars, all of which are paid off...how will this affect the chapter 13?

    We were renting the one out and fell behind when the tenants left. We couldn't catch up and thus the chapter 13 to keep our original home. We thought about a 7 but didn't want to lose the vehicles.

    Any advice...please
  • 10-30-2005, 04:50 PM
    Mr. Knowitall
    Bankruptcy
    Your parents would rather lose a house than lose a car? I'm not sure I understand those priorities.

    Are they consulting a bankruptcy lawyer? If so, their lawyer should be able to address these concerns. If not, obviously they would benefit from using a lawyer.
All times are GMT -7. The time now is 03:34 PM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved