Can someone please tell me where I may find the federal exemptions regarding filing chapter 7. I live in Michigan and wanted to do a comparison of Michigan vs. Federal exemptions and I cannot find it. How much property am I allowed to keep???? Also, if you do not use all of your exemptions on say your home can you use that for your cars???
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08-2009:Quit Paying Credit Cards
04-2010:Hired 2nd Attorney;05-2010:Filed 7
06-2010:341 Meeting (went very well)
08-24-2010: Discharged; 09-02-2010 Closed!! -
Federal:
$20,200 for real property, including co-op or mobile home. Unused portion of homestead to $10,125 maybe applied to any property. Married couples filing jointly may double all exemptions.
Is that what you're looking for?attorney consult and decided to file, 02/15/2010
no-asset Chapter 7 filed, 03/11/2010
341, 05/10/2010
discharged, 07/13/2010 -
Yes, Yes, and Yes... that is exactly what I was wondering. Thank you so much!! How much money is one allowed to have in one's bank account the day the petition is filed? Can anyone answer this. Thanks again for the reply!08-2009:Quit Paying Credit Cards
04-2010:Hired 2nd Attorney;05-2010:Filed 7
06-2010:341 Meeting (went very well)
08-24-2010: Discharged; 09-02-2010 Closed!!Comment
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Here is a nice list of MI exemptions (Federal can be found as well):
*Filed: September 23, 2009 *341: November 4, 2009 *Discharged: January 4, 2010 *Closed: January 20, 2010
Hakuna Matata...it means NO WORRIES!
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Thank you! I appreciate it. That is exactly what I was looking for!08-2009:Quit Paying Credit Cards
04-2010:Hired 2nd Attorney;05-2010:Filed 7
06-2010:341 Meeting (went very well)
08-24-2010: Discharged; 09-02-2010 Closed!!Comment
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