payments outside 13 and converting to 7

[maddog2112]

When your making payments to mortgage, second and auto outside the 13, will they even be affected If I convert all my 13 cc debt to a 7? Reason I ask is I may have over the state limit exemption on equity in the vehicle thats paid outside the 7. The mortgage and second leave know equity in the house. For anyone who has done this, did trustee try and come after household items?

[Rick9972]

In KY, you have a $18450/person for home equity. You are allowed to use half of any unused exemption as a wildcard.

Thus a husband and wife would have $36,900 in exemptions to use toward their home. If they only need to use $10000 then they would have an additional $13,450 for use as a wildcard exemption. This is in addition to the other exemptions.

[maddog2112]

Thank you rick, very helpful.