QUESTION
what happens if the trustee thinks he can get above the $75K protected on my house
Asked on Jun 09th, 2016 on Bankruptcy - California
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
Yes. If the Trustee is able to sell your house for an amount sufficient to pay off all liens PLUS at least an additional $75,000, you would receive the $75,000 (assuming you properly scheduled your homestead exemption).
Answered on Jun 09th, 2016 at 7:22 PM