Legal Question in Bankruptcy in New York

Re: Homestead exemption new york

The ever-popular answer to your question is IT DEPENDS.

It depends on whether you profit from your duplex. It depends on how much the duplex is worth. It depens on whether you live in your duplex. It depends on many, many factors.

Talk with your attorney. If you are trying to handle your own bankruptcy, STOP THAT and hire an attorney in your local area. Bankruptcy is a complex area of law that you need professional help to navigate. Your lawyer will be worth his/her weight in gold to you.

THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.