I have a question I thought maybe someone would have some knowledge on. I have already filed chapter 7, and when I spoke to the attorney initially, we were going to use the Michigan exemtions, because the house would be safe, as it is totally protected by tenants by entireity exemption. All the debt is in my name only, so my husband didn't file.
When I went to sign the papers, he had gone with the federal exemptions, saying that he thought the house would be safe anyways, and the federal exemptions are higher on other things.
I asked him about it, because the only other thing that I have of any real value is my car, a 1998 Toyota, which might not be totally covered if we used Michigan exemptions.
Anyways, he said if it looks like the trustee is going to not allow the house to be exemt, we could change to the Michigan exemptions, to protect the house.
We owe about $78,000.00 on the house, and estimated the value at $125,000.00. This has me very worried, and just wondered if anyone had ever changed their exemptions after filing, or after the 341 meeting? Any info would be appreciated!
Thanks, Kathy
