0
How can you split the house or equity in the house if your husband is in bankruptcy 13 at the time of divorce?
Wiki User
∙ 16y ago
Generally, Home Equity up to $150,000 is exempt from a bankruptcy if the property is HOME STEADED.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are the release dates for Sweat Equity - 2006 House Boat Renovation?
Sweat Equity - 2006 House Boat Renovation was released on: USA: 19 June 2010
How do you find past guests on the Dr Phil Show?
the lady with the husband who put cameras in basement and house and your invest found them. you sent to rehab and he still called her from there. the last show i seen she was filing for divorce.
I want divorce from my husband he doesn't want anything from the house he is ready to support the kids how long will it take for that and how much will it cost?
Using a mediator, $500-$1000 Please cooperator for the kids see links below
Who is the daycare lady's husband in Pokemon platinum?
The day care lady's husband is in front of the house.
Who is kara dioguardis husband?
Kara DioGuardi's husband is teacher turned general contractor Mike McCuddy... they met when Mike was building a house next to Kara's house at Maine...
Can you file Chapter 7 and keep your house and car?
Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.
I pay the mortgage but my husband paid for the house is it my house?
If you are paying the mortgage, your husband didn't pay for the house. The bank owns the house and you and your husband have an equal share in the equity.
Can tax liens be dismissed under Chapter 7 or Chapter 13?
Even if you discharge a tax debt in a bankruptcy (which can be done in limited circumstances), the lien associated with that debt is not released by bankruptcy proceedings. The result is that you may come out of bankruptcy with no tax liability, but there may still be a lien on your property. That lien attaches to any equity in your assets that existed prior to the bankruptcy and was exempted in the bankruptcy. For example, if you owned your house and filed bankruptcy with $20,000 of equity in your home, you may have been able to exempt that equity in the bankruptcy through a homestead exemption (so that you could keep your home). If that happened, after your bankruptcy was discharged the IRS would still have a lien against you that attaches to that $20,000 of equity (but not to any equity that accrues after the bankruptcy filing).
How can you save your house if it was used as collatera o a business that is in default and you are filling bankruptcy?
Talk to a local experienced bankruptcy lawyer. If there is equity in the house after deducting the payoff on the first mortgage and any priority liens, you should not have a problem. If there is equity, it gets more complicated, but you may be able to keep the house with a Chapter 13.
Do you have to divorce my husband before putting house for sell?
Usually a house is part of the divorce since it was bought while there was a marriage. This means that both of you have an interest in the house. You will have to settle with your husband what will happen with the house.
Can my house be repossessed if my husband is madebankrupt but is not on the deeds?
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.
Husband mom leaves him and sister her house after her death husband wife wants divorce is she intitled to any of house husband got in calif.?
yes indeed
Can your file for bankruptcy and still buy a house?
i am not 100% about being able to buy a house, but you CAN keep your house if you already own 1,but you do have to pay any equity in the house to your liquidator.
When the husband files for divorce does the wife lose the house?
Not all the time.
Can you be legally separated while living in same house as your husband?
Yes, in fact the only way you can divorce your husband is while you are married to him.
Will i be liable for ex spouse's debt of a home equity line that the divorce decree ordered him to pay off my name is on the loan and the house is in my name?
You are as liable as him. If he files bankruptcy, they will come searching for you. Even if you sign a Quit Deed to release the house to him, you are just as responsible if your name is still on the loan.AnswerThe bank is not bound by any provision in your divorce decree. Your attorney should know that and should have addressed this situation by having your ex husband refinance the loan and pay off the existing loan that is in your name. If your ex husband fails to pay the loan the bank will come after you for payment and you remain legally responsible for repayment since you signed the note and mortgage. Incompetence results in this type of mess after a divorce.
My husband and I separated, he moved out of h house and bought a mobile home, his name is still on our house, when we divorce am I suppose to pay him off for our house. ?
Initiating a bankruptcy proceeding depends upon the net and individual financial status of you and your beoyfriend. Seek an attorneys advice before initiating such a proceeding.
