Tenancy-by-the-Entirety Exemption and What It Means to Be Exempt from the Process

Trustee Talk by Eric R. Perkins and Justin S. Baumgartner

Generally, the most important question for any homeowner contemplating filing for chapter 7 is whether he/she can keep his/her home. In the case of a homeowner whose home is worth significantly more than the combined amount of all security interests on the property, the would-be debtor’s focus is principally on utilizing either the state or Bankruptcy Code’s exemptions to protect the equity in the property from the reach of unsecured or judgment creditors or a bankruptcy trustee. Read full article

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