Bankruptcy vs. Debt Consolidation By Guest Author Andy Masaki Bankruptcy can seem to be the best option if you are finding it increasingly hard to go on with the payments. However, the problem here is that very few people are aware of the other debt relief options and believe that bankruptcy provides the ultimate relief. […]
Homestead Cap
The bankruptcy code provides for 2 different instances in which the homestead exemption can be capped at $146,500. Section 522(p)(1)(D) of the bankruptcy code caps the homestead exemption at $146,500 if the homestead property was acquired within the 1,215 day period preceding the bankruptcy filing. Section 522(q) also caps the homestead exemption at $146,500 if […]