This is my second post, first one was in Chapter 7, now I'm thinking of Chapter 13. Will be meeting w/attorney next week.

I live in South Florida and inherited family home (paid for but not worth much) in North Florida (not homestead). My invalid sister is living in the house rent free....

I recently inherited a house in North Florida. I have resided in South Florida for 40+ years. I currently rent after doing a short sale on personal residence and now need to file BK. I'm confused about domicile vs homestead. Once probate is finished the N Fla home will not have homestead for tax purposes,...

This question refers to the California System 2 exemption chart: As an individual, if you are renting an apartment, does the asset, "Homestead" apply to renters?

If the "Homestead" asset amount does apply to renters, then I have another question.
In the exemption...

Glad to find this forum, I thank everyone in advance for their time and advice. I own my own home, $160K value. Married but home is in my name. Approx $85K in CC debt. I am unemployed going on 3 yrs (no construction in/ near our tourist town), wife made $32K in '09. I have been selling my toys, camper,...

I'm having some trouble understanding how some of the exemptions are applied. Let me throw out a hypothetical (with obviously fake numbers and facts).

Fact 1: I do NOT own a home or other real property/real estate.
Fact 2: My personal property and belongings entirely consist of $30,000...

When figuring out your home value (Homestead exemption) does closing cost's come into the equation at all? Or just take home value minus the mortgage loan?