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No equity- should I exempt the house?

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    No equity- should I exempt the house?

    House has no equity. Should I list it in the exemptions? I am not sure what the implications are if I dont exempt it.

    #2
    If there is no equity, there is nothing to exempt.
    LadyInTheRed is in the black!
    Filed Chap 13 April 2010. Discharged May 2015.
    $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

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      #3
      I have two homestead declarations - one for real estate and another for personal property. The rule for wildcard exemption is "unused portion of homestead exemption". Does that mean I need to list hoemstead exemption first in the sked c so i can use the wildcard? i don't know the technicalities.

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