Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - How to calculate bankruptcy in this case? what will I get? - I plans to file for Chapter 7 bankruptcy. I have my home, which is currently worth $110,000, upon which I owes $100,000. And I am planing to reaffirm the debt on my home. I also owns Lexus worth $30000. But owes no money on the Lexus. What will I get?
Can some one show calculations regarding these figures under Chapter 7 bankruptcy? how will exempts be calculated (homestead)? -