Bankruptcy Forum

Exemptions

Joanne2912
02-18-2005, 10:50 AM
I have some questions, I live in Texas and filed Chap 13 on 1/3/05. I need to know the following: If I sold my home @ $60K, for example, and I owe approx. $36K on the mortgages, would I be able to keep the profits of the sale or would my unsecured creditors take it? What happens after I sell the home? Do I pay off the Chap 13 plan and convert the rest into a Chap. 7? I'm a little confused so any info would be appreciated.

HHM
02-18-2005, 10:53 AM
lazar just posted the Texas Exemptions here, but you should seek the advice of an attorney regarding the ins and outs.
http://www.bankruptcyforum.com/showthread.php?t=278