$40k non-exempt cash in Chapter 7
Posted: Fri May 27, 2016 3:52 pm
Shannon:
If he has a $175k exemption (>65, disabled, poor), he probably needs repairs done to the house: roof, heating and AC, foundation, paint, new windows, plumbing, electrical. Also probably has deferred dental. If he has these needs, it is a much better way to spend his cash than on equity increase.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green, Attorneys at Law
1010 E. Union St. Suite 206
Pasadena, CA 91106
Tel: (626) 449-8433
Fax: (626) 449-0565
pat@fitzgreenlaw.com
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