How to distribute these asstes based on chapter 7 bankruptcy?

MY assets are

a home with a fair market value $100,000

Cash savings $5,000

my liabilities:

bank loan secured by my home $150,000

an unsecured bank personal line of $50,000

federal tax $5,000

loan owed to my mother 10,000

visa 5,000 (charges were made in the past 60 days)

2 months alimony owed to my husband 2,000

2 months child support owed to my husband 2,000

How to distribute these asstes based on chapter 7 bankruptcy?

you'll still owe for Visa - they won't discharge recent charges on it. If alimony and child support are court ordered, you won't get those discharged either. Loan from Mom is a moral issue unless you have something in writing. Fed tax won't be discharged - start adding int %26amp; penalty to that balance.

Are you even sure you can file chap 7? You may be forced to go chap 13 on a repayment plan

how did you get a loan for 50k more than the house is worth?

How to distribute these asstes based on chapter 7 bankruptcy?

This totally sounds like a homework question, why would a debtor be asking how to distribute assets? The trustee does this. There is no equity in the home to be distributed. The savings may or may not be completely exempt depending on the state you are in so there MIGHT or MIGHT NOT be anything to distribute. This info is not sufficient to answer, but the alimony, child support and taxes are all nondischargeable and will still be owed. You are an idiot if you file after charging $5000 to your credit cards within 60 days.