look back period

[Bandit]

I am not looking forward to looking back. I guess I have to look forward before I can look back (or something like that).

I have no advice, just kind of rambling here as I have not posted for a few days.

Best of luck to everyones situations & things will get better all in good time.

[Bandit]

Confusion is an honest response, maybe the MOST honest response.

Go from there.

Honest Debtor. ( pssst! that's you! )

Preach it, HenriettaHen. I could not agree more.

[De Los Muertos]

According to the Bankruptcy Action website at http://www.bankruptcyaction.com/caexemptions.htm, here's the System #1 home exemption in California:
"Real or personal Property you occupy including a mobile home, boat, stock cooperative, community apartment, planned development or condo to $50,000.00 if single and not disabled; $75,000.00 for families if no other member has a homestead; $150,000 if age 65 or older, or physically or mentally disabled; $100,000 if 55 or older, single and earn under $15,000 or married and earn under $20,000 and creditors seek to force the sale of your home; sale proceeds exempt for 6 months after received (husband and wife may not double the amount and may file a homestead declaration."

Let me ask a question about this. I co-own a house with my mom who is over 65. If i decide to file bankruptcy, does this mean that I get to claim a $50,000 exemption and she gets a $150,000 exemption for a total of $200,000!!!?