Want this question answered?
Yes. But not as much as if the husband did the bankruptcy.
As long as the land is owned solely by your husband and his sister then it will not be affected by her husband's bankruptcy.
If you are referring to Hillary and Bill Clinton, neither of them have, singly or as husband and wife, ever filed for bankruptcy.
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
You can only file bankruptcy without a spouse in cases where the debt is yours only. For example, if you have a credit card that is in your name only then you can file without your husband.
It depends on that State's laws, but usually, if the wife is not a co-signor on any of the debt's that the husband is filing, she is exempt. To be on the safe side, check with the bankruptcy lawyer filing the petition.
the answer is yes, Yes mother and daughter can file bankruptcy jointly and also you and your husband will file bankruptcy jointly is still accepted as long as its not same sex marriage.
The homestead exemption for NM is $30,000 therefore it will be protected from forced sale in a BK. That amount can be doubled if the property is jointly titled. FYI, vehicle exemption is $4,000.
Generally, Home Equity up to $150,000 is exempt from a bankruptcy if the property is HOME STEADED.
Yes
No he can't. Go find yourself a good attorney.
A dower state refers to a state where a widow is entitled to a portion of her deceased husband's estate. A homestead state provides protections for a homeowner's primary residence from certain types of creditors.