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What else can I help you with?
Can you keep a vacation home in bankruptcy?
Many states have passed laws that protect the primary residence only. You need to consult with an attorney who specializes in bankruptcy.
Does Massachusetts have a homestead act to protect homeowners in case of bankruptcy?
AnswerYes, Massachusetts has a Homestead Act to protect a person's primary residence from creditors. Some protection is automatic. For more protection the property owner can record a Declaration of Homestead in the Registry of Deeds. A link is provided below.
Can creditors garnish your wages or take your house in California?
Yes. California allows income garnishment by judgment creditors. The law also allows a judgment creditor to place a lien on real property owned by the judgment debtor. Generally the homestead exemption will protect a primary residence from a forced sale for debt owed. Judgment creditors rarely request a forced sale of a primary residence because it is a complicated and lengthy process and is seldom profitable enough for implementation.
How do you protect from a salami?
There is nothing you can do to protect yourself from it. You can only prepare for the inevitable and hope that your painful salami death will be quick.
Can a judgment creditor force the sale of a home if it does not have a mortgage attached?
It depends on whether the judge determines that the house is "necessary" and if it is a significant financial resource. If you have a lot of equity and the house is a little "ostentatious", he/she may determine that it isn't really necessary and that you can get by with a much more modest house. But it will all depend on the determination of the judge. * Although it is possible in the majority of US states for a judgment creditor to file a lien against real property, perfect the lien and then request a forced sale, the action is rarely implemented by the judgment creditor. In most cases the state or federal homestead exemption will protect a primary residence from a forced sale. Please be advised that a homestead exemption is not always automatically covered by state law and the homeowner is required to file a declaration of homestead for a primary residence to be protected. Also, a few states (Texas is one) have established laws that directly forbid the forced sale of a primary residence by a judgment creditor.
How do you protect from a salami attacks?
There is nothing you can do to protect yourself from it. You can only prepare for the inevitable and hope that your painful salami death will be quick.
What is the Army's primary goal?
The primary goal of the US Army is to protect the US Constitution, to serve the people of America and to protect the American people from enemies both foreign and domestic.
Do surge suppressors work for residential use?
Surge suppressors do work for your residence. They protect your GFIs and appliances. www.geindustrial.com
What will possibly happen if we don't protect our sensitive parts?
These can become damaged.
What was the lord of the manors primary duty?
To protect his vassals and their land
What is the primary purpose of the United States military?
To protect the country :)
In Florida How many real estate properties can a married couple hold as tenancy by the entirety at the same time in order to have all real estate properties protected from creditors?
You need to discuss your situation with an attorney. Tenancy by the entirety protection for married couples is supposed to be for the couple's primary residence only. If you hold several properties as T/E and find yourselves at the mercy of creditors or a bankruptcy court then you may fail to protect your primary residence leaving it exposed to creditors who may argue that it it not the one covered by statutory T/E protection.
