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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 12-10-2004, 12:14 PM
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Join Date: Dec 2004
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equity protection

I live in South Carolina. I filed a chpt 13 and have converted to a chpt 7. I filed for the 13 ten months ago. Is equity in my house protected by the 13 as it is a newly aquired asset?
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Old 12-12-2004, 09:39 AM
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Location: Nashville,TN
Posts: 15,706
If you converted to a Ch 7 the Ch 13 means nothing, you would now be held to the exemptions for a Ch 7. If you have more equity than the exemptions allow, you could have a problem.
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