The exemption in California is $50,000 . I have at least $100,000 in equity if not more. I have a business and I am anticipating a law suit that may push me into filing bankruptcy. I want to protect the equity that I have on my home so I am think about getting a home equity loan or refiance to get liquidate the equity. So the question is how long can to wait after I got the cash to file bankruptcy without getting the it throw out of court?
Does anyone know who determine the amount of equity or value of the property you have?
Does anyone know who determine the amount of equity or value of the property you have?