Iowa Homestead questions
I am filing CH. 7 and own a home on 12 acres in the countryside, which I have declared as a homestead thru the county tax assessor. In Iowa, there is no exemption limit to the value of your homestead declaration, as long as its under 40 acres. I live there, but my mailing address has been a relative's address for the 3 years I have owned the homestead.
(1) Because I use a different mailing address for mailing safety, can my homestead declaration be challenged?
(2) If the only asset is my 100% exempt Iowa homestead, would this be considered a no asset BR discharge with or without liens on the homestead.
(3)Would my homestead declaration be jeopardized becaue of my $100.00 annual payment I receive from the Farmers Service Agency for my right to farm, although I make no money from the hay I grow? (Because it may be conceived as a commercial property.)
(1) Because I use a different mailing address for mailing safety, can my homestead declaration be challenged?
(2) If the only asset is my 100% exempt Iowa homestead, would this be considered a no asset BR discharge with or without liens on the homestead.
(3)Would my homestead declaration be jeopardized becaue of my $100.00 annual payment I receive from the Farmers Service Agency for my right to farm, although I make no money from the hay I grow? (Because it may be conceived as a commercial property.)
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