Hi, I'm hoping someone out there can shed some light on something I'm totally in the dark about. I'm expecting a return call from an attorney and will ask him/her, but in the mean time...
I going to be filing bankruptcy as an indivisual not sure yet which chapter is best for me, I'll let attorney advise me. Here are my stats:
4 single family homes.
- 2 are under threat of foreclosure in California - attorney office is in the process of stopping judgements.
- 2 of the properties in the state of oklahoma that are current.
- $25,000 in credit card debt.
- 1 car current - will be paid for in 2 years.
Approximately $70,000 in total equity minus (18,000) in equity on 1 CA house.
When I do the numbers this should more then satisfy all the secure lenders depending on what they will sell the homes for.
I'm hoping to keep my car since it's almost paid off. My problem is this - I found out today that a property that my husband and I want to move to/live in and retire in has me on the deed. The house is located in North Carolina. My concern is that a creditor might try to go after my house in NC even though the mortgage on that house is strictly under my husbands name and payments are current. we can't move into the home yet because there are tenants living in the home on a lease that doesn't end until May of 2009.
What would be the chances that the creditors during or after bankruptcy would persue NC house? We have 7 properties between the 2 of us and the NC home is the only one we personally would like to keep should the worst happen.
I'd be very grateful for some experienced advise.
I going to be filing bankruptcy as an indivisual not sure yet which chapter is best for me, I'll let attorney advise me. Here are my stats:
4 single family homes.
- 2 are under threat of foreclosure in California - attorney office is in the process of stopping judgements.
- 2 of the properties in the state of oklahoma that are current.
- $25,000 in credit card debt.
- 1 car current - will be paid for in 2 years.
Approximately $70,000 in total equity minus (18,000) in equity on 1 CA house.
When I do the numbers this should more then satisfy all the secure lenders depending on what they will sell the homes for.
I'm hoping to keep my car since it's almost paid off. My problem is this - I found out today that a property that my husband and I want to move to/live in and retire in has me on the deed. The house is located in North Carolina. My concern is that a creditor might try to go after my house in NC even though the mortgage on that house is strictly under my husbands name and payments are current. we can't move into the home yet because there are tenants living in the home on a lease that doesn't end until May of 2009.
What would be the chances that the creditors during or after bankruptcy would persue NC house? We have 7 properties between the 2 of us and the NC home is the only one we personally would like to keep should the worst happen.
I'd be very grateful for some experienced advise.
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