Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi - my name is Kirk and I'm a Bankruptcy litigation attorney here to assist you.
Did you reaffirm the debt or include the debt in your bankruptcy?
The homestead exemption is to allow you to try and keep the property instead of losing it in bankruptcy.
However, if you didn't exercise your exemption and reaffirm the debt - in other words, you were willing to let the property go back to the bank - any deficiency would be discharged through your bankruptcy as an unsecured debt.