I have around 200k lien on my home for business debt, along with around 30k of credit card debt.

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Well, it seems like you have a secured debt, since there is that lien on your home. The state exemption for bankruptcy doesn't apply to secured debts. Still it would be better if you consult an experienced bankruptcy attorney, before both of you file your bankruptcy, and let him review the situation.

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Last Updated on: Fri, 8 Jun 2018

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