On Fri, 15 Jul 2005 02:20:45 GMT, George Patterson
wrote:

Serious question, Dan. Used to be that, when you declared bankruptcy, most of
your assets were sold and all of your creditors (including the mortgage company)
were paid off from the proceeds. Now the mortgage company gets special treatment?

My sense is that you get to keep the house AND the mortgage, provided
your equity isn't huge.

In New Hampshire, the "homestead" can be worth $125,000 if recently
acquired, more if older. There's a whole lot of other exemptions,
including books up to a value of $800! One sewing machine! Etc etc. I
don't see any explanation of what happens when there's a mortage on
the homestead.


-- all the best, Dan Ford

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