Co-Owned Assets

[Oregonian]

Greetings,

I live in Oregon (non community property state) and my husband needs to do a bk7 after an investment real estate nightmare. The house we live in is mine (purchased prior to marriage) and I have no problem with the mortgage. We have several assets that both our names are on (cars, timeshare etc.) that I fully paid for with funds from an inheritance I recieved prior to marriage (separate account, my name only, fully traceable transactions).

The question is: How much equity will I have in these assets? Will they give me more than 50%?

I am desperate for information

Thanks!

[BKParalegal]

50%, unless you can encumber the assets with secured debts ( you borrow money from someone who puts a lien against the asset) Or if your husband can lay low for a year. Have him transfer the assets back to you and wait it out.

Good Luck

[Oregonian]

Thanks! That gives me a place to start.....