In the last 4 years I have ran up around $28,000 in credit card debt. I was going to file Chapter 7 because I had no assets but 6 months ago my mother passed away and I inherited her land worth $20,000. Can I exempt the property? I live in KY.
In the last 4 years I have ran up around $28,000 in credit card debt. I was going to file Chapter 7 because I had no assets but 6 months ago my mother passed away and I inherited her land worth $20,000. Can I exempt the property? I live in KY.
It looks like the answer is no.