Can the cost of selling a home be included in determining repayment amount?

[stressedinTN]

I think I may have some non-exempt value in my home. Whether I can deduct the cost of selling hte home makes a huge difference in my repayment plan. In fact, if the cost of selling the home is used, I may not have any nonexempt value in my home. Would the cost of selling the home be deducted? Would it likely be done even if that means I end up with no nonexempt value, so that nonsecured creditors would not have received anything in Chap. 7?

[justbroke]

No, the cost of selling is not excluded from the "value" of the property. The question is only whether the Trustee would want that non-exempt value. Many people negotiate the non-exempt value with exactly the theory that you propose... that selling would yield nothing. So you offer the Trustee some percentage of the non-exempt value.

[stressedinTN]

Thank you for your helpful explanation. I have more information to ask a better question, so I'm going to repost my somewhat follow up questions.