I stand to shortly inherit home.

[william adams]

I live in Az. And i stand to inherit the home I've lived in for 13 years.(with my mother who just died).Recorded with county recorder, as a benificiary deed. If a house is purchased 1255 days before a bankruptcy, then the 150K Home exemption..decreases to 125 K. (oN cHAPTER 7). Would an inheritance,(received prior to filing). be viewed and treated the same way? If So, Iam totally up a creek without a paddle. A local Real Estate Broker determined the current home value at 145,000.00. And i OWE 21,000.00 AS A CO-SIGNER ON MY DECEASED MOM'S CREDIT CARD.(with a monthly income of 707.00, on Social Security Disability Payments.)

[JRScott]

Have you already filed? Where in the process are you?

[william adams]

I have'nt filed yet. Just completed Bancruptcy Phone course, waiting for certificate.

[JRScott]

Get a repair estimate on the property to see how much to make needed repairs. That might help your case.

You might have to accept a Ch 13 though to save it.

[william adams]

Have'nt filed yet. just completed Bankruptcy phone course.. waiting for requested certificate.