If you are married and use the federal exemption, both you and your spouse could exempt 20,200 of your equity. Also another 1,075 each as a wildcard exemption could also be applied. This would bring the total home equity that you could protect to 42,550. Again this would only apply if you are married, if you are not you could protect 21,275.
I would suggest you also contact a realtor to explore selling your home. If you sell your home you could take the proceeds and negotiate settlements with your creditors as JustBroke mentioned.
I would suggest you also contact a realtor to explore selling your home. If you sell your home you could take the proceeds and negotiate settlements with your creditors as JustBroke mentioned.
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