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Monthly Archives: January 2013

Will I Lose My House If I File Bankruptcy?

Will I Lose My House If I File Bankruptcy?

by Adam Weiner

When someone files a bankruptcy there are different exemption amounts for different assets. The exemption amount for a residence, also known as the homestead exemption, is $40,000 for single filers and $50,000 if the debtors are married, jointly own the property, and it is a joint filing.
 
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