Quick question ch 7

[special111]

When reviewing paperwork, lawyer asked us to explain negative $2500 a month or so and how we had been surviving. At that moment I felt that she had listened to nothing but oh well. We explained a loan against 403b to make ends meet for last six months and after realizing there was no other way we had to file. She just said I want to prepare you in case trustee ask. I am wondering since we do have a little equity in our house could they make us sell it since we look so awful on paper. We are filing ch7.
I am just curious? I know with BK anything can happen.

[justbroke]

Whether or not an asset is liquidated in Chapter 7 is based on whether there is equity and whether that equity is not protected by an exemption. Typically your attorney would protect your home using an exemption. I don't know which exemptions your attorney used to protect any equity in your home.

[special111]

The attorney stated the asset was protected by exemption just keep paying on it

[justbroke]

You appear to be in good hands with your attorney. Your attorney is just trying to figure out how you are actually surviving. The question will be are you in a better place once the bankruptcy discharged it entered. We wouldn't want this all to be for naught.