Hello all, I wished I found this site earlier. I filed for bk7 a couple weeks ago, on around $40,000 of unsecured debt. I did this individually and not my wife. My question is how likely is the trustee going to take our house. my SEV is around 83,000, so this means according to the state my homes value is around 166,000. I currently owe around 130,000. The house is jointly owned by me and my wife and we really don't want to loose it. I've always been current on my mortgage and I reaffirmed that loan. My lawyer says I have nothing to worry about because home prices have fallen in Michigan and the SEV doesn't reflect true vale. What do you guys think?
