Itzshowtyme
Junior Member
What is the name of your state? LA
I own a home with my two daughters (I am a widow) and there is equity in the house. If I file a Chapter 13 will the equity be divided into three equal parts (for myself and each of my daughters) and calculated on that basis? Or will the equity as a whole serve as 100 percent possession for myself? I guess what I am asking is do I quality for a Chapter 7 based on the entire equity, or only one third of it? Also, if I am on social security. If I do file can they use that as income for a repayment plan in Chapter 13? Thanks for the help.
I own a home with my two daughters (I am a widow) and there is equity in the house. If I file a Chapter 13 will the equity be divided into three equal parts (for myself and each of my daughters) and calculated on that basis? Or will the equity as a whole serve as 100 percent possession for myself? I guess what I am asking is do I quality for a Chapter 7 based on the entire equity, or only one third of it? Also, if I am on social security. If I do file can they use that as income for a repayment plan in Chapter 13? Thanks for the help.
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