question about house me and ex have
Hello
I am new here ..have been reading for hours and have learned a lot but still have a couple questions. I am broke, no job, unempoyment ran out, and $97,000 in debt with credit cards..I am going to try and file BK on my own since I can not afford an attorney. I have a vehicle loan and have about $3000 in equity in it and I want to keep it. I have not missed any payments on it and have never been late. I am going to file for Ch 7 soon. I live in Texas and have for past 3 years.This is my question:I have been divorced for over 3 years but have a house still in Arizona with ex that has not sold..housing industry there has bottomed out as everyone probably knows for past 3-4 years. Our divorce decreee states he has to pay for mortgage until it sells, which he has been doing on time with no problems there. Do I claim that house in Arizona on my BK paperwork as a "creditors holding secured debt" and as an "exemption"? I am not financially liable for it but am still half owner technically.There is no equity in the home. We owe 200k and it worth less than that now.
Another question: When I file my schedules for "personal property" do I list all my personal property even though I am claiming it all "exempt". Or do
I say I have no personal property and only list it in property claimed as "exempt"?
I want to get this right so that it doesn't get dismissed. Thanks in advance.
I am new here ..have been reading for hours and have learned a lot but still have a couple questions. I am broke, no job, unempoyment ran out, and $97,000 in debt with credit cards..I am going to try and file BK on my own since I can not afford an attorney. I have a vehicle loan and have about $3000 in equity in it and I want to keep it. I have not missed any payments on it and have never been late. I am going to file for Ch 7 soon. I live in Texas and have for past 3 years.This is my question:I have been divorced for over 3 years but have a house still in Arizona with ex that has not sold..housing industry there has bottomed out as everyone probably knows for past 3-4 years. Our divorce decreee states he has to pay for mortgage until it sells, which he has been doing on time with no problems there. Do I claim that house in Arizona on my BK paperwork as a "creditors holding secured debt" and as an "exemption"? I am not financially liable for it but am still half owner technically.There is no equity in the home. We owe 200k and it worth less than that now.
Another question: When I file my schedules for "personal property" do I list all my personal property even though I am claiming it all "exempt". Or do
I say I have no personal property and only list it in property claimed as "exempt"?
I want to get this right so that it doesn't get dismissed. Thanks in advance.
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