Because your family has to be considered excused regarding case of bankruptcy for having one particular favorable circumstance to own keeping your house, you will need to understand how exemptions are determined. Just how you reside addressed during the a bankruptcy is dependent on county or federal homestead exemptions. If you find yourself truth will vary by condition, here is how the newest different performs.
There can be constantly a certain months you really must have lived in the newest house earlier can be considered to have a difference.