Central District Consumer Bankruptcy Attorney's Association

X-eGroups-Edited-By: easky1
They both get a homestead. See CCP 704.820(a).
(from Dennis, I called and kidded Wes, and asked if I could change the sentence to "They each get a homestead." Wes laughed, but we both agree each gets a full homestead)
Wesley H. Avery, Esq.
Roquemore, Pringle & Moore, Inc.
6055 E. Washington Blvd., Ste. 608
Los Angeles, CA 90040-2466
wavery@rpmlaw.com
http://www.rpmlaw.com
(323) 724-3117 x 320 (direct)
(323) 724-5410 (fax)
(661) 618-7376 (cell)
(323) 919-9336 (blackberry)
Certified Specialist
Bankruptcy Law
State Bar of California
Board Certified
Business Bankruptcy Law
American Board of Certification
________________________________

The post was migrated from Yahoo.

I"m having a brain fade late in the day here.
If a couple isn't married, but both own a piece of real property, and each need to file separate BKs:
Do they EACH get a $50,000 homestead exemption or is it one per house?
Just trying to figure out how to calculate the equity in each case to the estate.
Thanks...
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
I"m having a brain fade late in the day
here.

If a couple isn't married, but both own a piece of
real property, and each need to file separate BKs:

Do they EACH get a $50,000 homestead exemption or
is it one per house?


Just trying to figure out how to calculate the
equity in each case to the estate.

Thanks...
______________________Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173 (818)509-1460 (fax)web: http://www.bklaw.com/This Firm is aQualified Federal Debt Relief Agency___________NOTICE: This Electronic
Message contains information from the law office of Mark J. Markus that may be
privileged. The information is intended for the use of the addresseeonly. If you are not the addressee, note that any disclosure, copy,
distribution or use of the contents of this message is prohibited.IRS
CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS,
we inform you that any U.S. tax advice contained in this communication (or in
any attachment) is not intended or written to be used, and cannot be used, for
the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any transaction or
matter addressed in this communication (or in any attachment).


The post was migrated from Yahoo.