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    homestead exemptions

    Our home is in my name and we own a rental property in both of our names worth $80,000 but we owe $50,000. If my husband files chapter 7 will a homestead exempt both properties?

    #2
    Homestead is for owner occupied only.

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      #3
      OP, homestead does not equal exemption. Your exemptions are spelled out in the BK code for your state. Look on www.legalconsumer.com and find out what your exemptions are for your state.
      Filed CH 7 9/30/2008
      Discharged Jan 5, 2009! Closed Jan 18, 2009

      I am not an attorney. None of my advice is legal advice in any way..

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