Virginia  |  Bankruptcy

Legal Question

Asked on: 7/03/05, 10:50 am

Chapter 7

I have 2 quick questions. I owe $150,000 to unsecured creditors, my husband has nothing to do with my debt. My husband is not in Bankruptcy. Our home is worth $450,000 and we owe $150,000. I own my home with my husband as tenants by the entireties. How much equity in the home cane be paid to mu unsecured creditors, if any? And why?

Also, How come my 401(k) is not available to my trustee to pay unsecured creditors?

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