Results 1 to 4 of 4
  1. #1

    Question Homestead Exemption Waiver

    I am considering bankruptcy and have found that most all of my assets are covered by the homestead exempt.
    However, we have an unsecured loan for 13,000 and when we got the loan we apparently signed a for called a homestead exemption waiver. My question- Does this waiver mean that we waive the right to the homestead exemption if we file bankruptcy? It sounds like it but isn't that the purpose of bankruptcy and the homestead exempt? Any info you can provide will help us a lot. Obviously we didn't know what it meant when we signed it. Just another bad decision in a line of many. Thanks.

  2. #2
    Join Date
    Mar 2005

    Default Re: Homestead Exemption Waiver

    This is in what state?

  3. #3

    Default Re: Homestead Exemption Waiver

    Sorry, I am in Virginia

  4. #4
    Join Date
    Sep 2005
    Behind a Desk

    Default Re: Homestead Exemption Waiver

    I don't see anything in Virginia law which would make a homestead waiver unenforceable. If you are considering bankruptcy, you should have the contract reviewed by a bankruptcy lawyer (try to get a free consultation) to verify that it is in proper form and is actually enforceable.

    1. Sponsored Links

Similar Threads

  1. Collection Lawsuits: Credit Card Debt and Homestead Exemption
    By spencer00si in forum Debts and Collections
    Replies: 5
    Last Post: 06-28-2009, 09:04 AM
  2. Collection Lawsuits: Does Oklahoma Homestead Exemption Prevent Unsecured Lien
    By Janie Bug in forum Debts and Collections
    Replies: 2
    Last Post: 03-25-2009, 09:09 AM
  3. Homestead tax
    By laura48192 in forum Tax Law
    Replies: 4
    Last Post: 02-05-2006, 02:58 PM
  4. Florida Homestead Exemption
    By helmettt in forum Buying, Selling and Conveying Real Estate
    Replies: 3
    Last Post: 01-04-2006, 06:12 PM
  5. Replies: 4
    Last Post: 01-15-2005, 07:54 AM
Sponsored Links

Legal Help, Information and Resources

Forum Sponsor
Bankruptcy Forms
State specific bankruptcy forms at affordable prices. Download and use.