OneBlueSky
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Fri Mar-04-05 11:37 PM
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I have a question about bankruptcy law . . . |
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not that I'm planning to declare or anything . . . but just in case I ever had to, what would happen if you own your home with someone else who is not involved in the bankruptcy . . . and refuses to do anything to help out (e.g. refinance, take a second mortgage, etc.) . . . can they touch that asset? . . . or would it be protected by virtue of the fact that someone else owns half of it? . . .
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efhmc
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Fri Mar-04-05 11:40 PM
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1. It will depend on how that person is related to you. Is it a spouse? |
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Being a spouse makes a big difference in most states.
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serryjw
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Fri Mar-04-05 11:52 PM
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2. Just a guess.....but I don't think so..... |
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We don't know how a home would be protected within the new BK law that is working it's way thru congress. They could force you to sell it OR most probably put a lean on it and the house couldn't be sold until the lean is satisfied.?? Only time will tell
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FloridaPat
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Fri Mar-04-05 11:56 PM
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3. Also depends on the state. A lot of lawyers give you a free first |
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interview to go over the details.
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DU
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Sun May 05th 2024, 06:45 PM
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