Deciding whether I might apply for chapter 7 bankruptcy or not. Can the federal homestead exemption be used as a wildcard exception if you do not own a home or property?
1 Answer from Attorneys
Up to one half of the homestead exemption can be used as wildcard, regardless of real estate ownership.
I trust this has been helpful. I am admitted to practice in the Middle District of PA, so feel free to call or email me on a free initial basis.
Matthew R. Nahrgang, Esquire
35 Evansburg Road, Ste 400
Collegeville, PA 19426
(610) 489-3041 o
(610) 489-3042 fax