2 responses

  1. Michael
    December 27, 2012

    The funny thing about filing Chapter 7 and keeping your home is that it really depends upon the state you file. My firm practices in both Massachusetts and Maryland, and in MA, you can have up to $500,000 in equity and still keep your home in Chapter 7, but if you have that same equity in Maryland, and filed a Chapter 7 bankruptcy case, theire are simply not enough exemptions and you would loose the home to the Trustee.

    Reply

    • Russell DeMott
      Russell DeMott
      December 27, 2012

      Thanks, Michael. Good points.

      Reply

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