know if someones house is protected in a chaptr 7 if they own a house in South Dakota? Is there a law that says you can only have so much equity for it to be ok.. For example some other states say you can have as much as $100,000 equity and it can’t be touched.. What is SD rules on that matter?
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September 1st, 2008 at 6:05 pm
Most states follow federal bankruptcy laws and only allow $5,000.00 in total assets. California and Florida have the most lenient bankruptcy laws. Most bankruptcy attorneys will provide a free consultation.