Turnwald: Bankruptcy doesn't mean losing it all - Lansing State...

Turnwald: Bankruptcy doesn't mean losing it all
Lansing State Journal
Also, if a Chapter 7 bankruptcy filer does not own a house, or has little or no equity in one, he or she can have a "wild card" of up to half the value of the real estate exemption - $10812 - that can be applied toward anything the person owes ...