As part of chapter 7 filing I was able to exempt $70k of my home equity, anything over that can be taken by the trustee (as told by my lawyer). What does this mean exactly? Will there be a lien or assessment on my home? If so for how long? Will I be able to get a refi or an equity line of credit (from the $70k) afterwards?I have joint and legal custody of my son and he lives with me about 40% of the time. Will the $100k exemption apply to me?
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