Joe
09-15-2005, 08:15 PM
Re: Ch 7 Bankruptcy
I have a small amount of equity ($10-20k assets) exposed in my home that is
beyond the state's exemptions. To prevent the sale of a home how likely
would a trustee be willing
to swap the equity in your home for exempt assets like an IRA? Due to
the closeness of the deadline for the new law would a trustee be more
wary to this swap for any reason. Also Ch 13 is not an option since my
income is below reasonably monthly expenses.
Thanks in advance
Joe
I have a small amount of equity ($10-20k assets) exposed in my home that is
beyond the state's exemptions. To prevent the sale of a home how likely
would a trustee be willing
to swap the equity in your home for exempt assets like an IRA? Due to
the closeness of the deadline for the new law would a trustee be more
wary to this swap for any reason. Also Ch 13 is not an option since my
income is below reasonably monthly expenses.
Thanks in advance
Joe
