I have contracted a lawyer for the my lawsuit case (see our previous communications), and he has advised that I file chapter 7
bankruptcy due to my current inability to pay the plaintiff ,or to find myself a job.
He has said that the chapter 7 homestead exemption would protect me from my house being sold due to legal proceedings from the lawsuit.
There is something here that bothers me.
I have lived in the house 25 years and it is in my name. A few months after my ex girlfriend left (she left about 2 years ago, and is the one who is suing me), I met another woman and we are now married for one year.
Even though I solely own the house, my lawyer believes that this chapter 7 action would allow homestead exemptions for both myself and my wife.
In New Hampshire, that is $100K per person. I now have a remaining mortgage of $65K.
This would add up to (100K + 100K + 65K =) $265K of exemptions. Assuming I qualify and declare chapter 7 in my name only, and the house is solely owned by me, would an exemption of $100K be granted for my wife? What are the rules around this in New Hampshire?
Also, can this action be contested by the plaintiff?