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Hello everyone,
I am sure glad I found this newsgroup. I must apologize if this question has
already been answered but I am new to "news" and so here it goes. When I
file for Ch7 (no job, no income, an old car and a bare minimal household),
how is the "allowable" equity in my house determined? It is my understanding
that a "small" amount of equity is allowed. I might be able to find a friend
that will keep my current mortgage up to date. Do my non-exempt debts need
to be larger than my equity or am I going to put in the street one way or
another?
How does one pay for a lawyer when the money has long since gone?
Thank you for any kind response, I really can use it just about now.....
I am sure glad I found this newsgroup. I must apologize if this question has
already been answered but I am new to "news" and so here it goes. When I
file for Ch7 (no job, no income, an old car and a bare minimal household),
how is the "allowable" equity in my house determined? It is my understanding
that a "small" amount of equity is allowed. I might be able to find a friend
that will keep my current mortgage up to date. Do my non-exempt debts need
to be larger than my equity or am I going to put in the street one way or
another?
How does one pay for a lawyer when the money has long since gone?
Thank you for any kind response, I really can use it just about now.....