Is it possible to hold my home in part 7?
Exempt land try homes regulations lets you keep. Generally, this is made from your property, one car per debtor, your family products, household, clothing, private valuables, jewelry, methods with the trade, https://pdqtitleloans.com/title-loans-me/ and any skilled your retirement. Some of those things could be brief regarding the property value the exemption plus some exemptions might not connect with your if you have lately gone to live in Kansas from another condition.
Non-exempt homes are land the Trustee (who is a legal professional designated to watch out for the lenders’ interest) could need you to start so that it may be sold to cover some of creditors. There are many kinds of non-exempt home, but the most commonly known put, but they aren’t limited to, added cars, boats, motorbikes (if this isn’t most of your type transport) aircraft skis, four-wheelers, travelers, trailers, guns, and any money owed for you during the time you submit the bankruptcy.