In the 1990s, the state began to experiment with awarding and managing construction contracts using the design-build system. Figure 1 summarizes the various legislation authorizing state and local entities to use design-build under specified circumstances.
A low payment means you're more likely to be able to demonstrate to the court that you have the capability to make such a payment, which means it's more likely you'll be granted Chapter 13 bankruptcy, which means you'll keep your house.
Equity and the Homestead Exemption. You can keep your home in Chapter 7 bankruptcy if: 1  you don't have any equity in your home, or. 2  your equity is covered by your homestead exemption.ost states protect at least some equity in your primary residence. A few states protect your entire home, regardless of how much equity you have. The federal exemptions protect up to $21,625 (double that if you are married and file jointly) in your primary residence. Doing the math.