I am in Texas and my Ch 7 case was discharged Aug 2010 but as an asset case remains open. I own 50% in 10 acres of farm land. Another person farms the land and we receive $0 for this - we just call it an even trade for keeping it mowed! Anyway, listed in BK docs at a total value of $79,000. Taxable...

I am currently the buyer in a land contract in Ohio. I made a down payment and have made several principal payments on the loan, all to the owner of the home.

How will the 'equity' I have in the home be viewed by a trustee if I file a chapter 7 bankruptcy? Ohio has a $20,200 homestead...

Been lurking here for the last several weeks just trying to learn as much as possible about our impending bankruptcy. First, I must thank you all for the valuable information that you share - it certainly helps me sleep better at night.

Regarding our case, spouse and I own a consulting...