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Exemptions in Chapter 7 Bankruptcy

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  • 11-08-2005, 03:49 PM
    szarmadzag
    Exemptions in Chapter 7 Bankruptcy
    I filed with chapter 7 under the old law, two weeks ago. In the rush to complete the forms I forgot to list some of my assets so I have to file an amendment. I owe a few acres of property in Colorado (empty lot, worth about $20k) and a private party, that I owe money to, holds the deed as a collateral. Under what section of the C.C.P. can I file for exemption on the property so the trustee won’t force it to sell?
  • 11-08-2005, 05:26 PM
    Mr. Knowitall
    Exemption for Real Estate
    So far, you haven't stated a basis upon which one might assert an exemption for the parcel of land - which isn't to say that there might not be one. You should consult a bankruptcy lawyer.
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