Federal Law Can Limit the Amount of Your State-Law Homestead Exemption
If you bought your home within 3 years and 3 months ago, bankruptcy law creates a maximum amount of homestead that you can exempt.
If you bought your home within 3 years and 3 months ago, bankruptcy law creates a maximum amount of homestead that you can exempt.
If you owe too much debt but still need the benefits of Chapter 13, consider “Chapter 20.”
As of April 1, you can owe more debt and still qualify for Chapter 13.
Here is a summary of the changes. They apply only to new bankruptcy cases filed starting April 1.