i'm helping a friend file bankruptcy in nevada who has $40,000 credit(runup due to living expenses only) debt over a ten year period, is 84 and lives on $850/month social security, and only possesion is a $60,000 property paid for and "homesteaded". i have two questions:
1. would the credit card debt be listed on schedule f-"creditors holding unsecured priority claims?"
2. would the person's house be claimed as exempt on schedule c under "specify law providing each exemption" by merely entering "homestead act?" |