Another House Value ?

[cmw]

I am married, but planning on filing bankruptcy alone (all the cc debt is in my name). Our house (in both of our names) is worth $195000 according to our property tax statement, we owe $155000. This puts me over the exemption limit. But, how would they devide this? I mean technically half of that is my husbands share.

Thanks!

[HHM]

If your in a community property state, typically, you both get the full exemption. For example, if your state's exemption is $20,000, you get to claim, as does your spouse, for a total exemption of $40,000.

[cmw]

I am from Oregon, I do not believe we are a community property state. The housing exemption is listed as, $25000 ($33000 for joint owners). I am still not sure which number would apply to me though.

[EdytaHome]

$25,000 since you're filling alone.