The property has equity if homestead exemption is lost. I dont want to transfer but father in law says he will only help with mortgage payments if it is QC'd to him. I have been saying all along I will transfer once BK is discharged but i cant have transfer screw up the BK. Is it true that doing any type of transfer will eliminate the homestead exemption, thus opening up the equity that BK trustee will deem as appropriate to take house and use that equity to pay creditors?
Thank you my "good friend"! That is exactly what I have been trying to convey but to no avail. I appreciate your succinctly detailed advice.
but of course
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