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  1. #1
    Join Date
    Aug 2005
    Location
    ohio
    Posts
    10

    Default 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

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default 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.

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