I owe about 50K in debt, but 27K is student loans, 3K to my parents and less than 2K is taxes. meaning I would be file on about 18K. But I moved back at home. So when I get asked what my address is, I have to give the address of my parents house – which they own. I live in New York state and I work a part-time job making .50 an hour. And trust me, I have been looking for something better.

Are my parents at any risk of losing their home if I file bankruptcy???

Technorati Tags: bankruptcy, new york state, parents, part time job, risk, student loans

My ex and I are still married, though we’ve been separated for over 2 years. We bought the house that he has when we were married, though my credit was iffy at that time and I am not on the mortgage information.

I am severely in debt and am looking to file chapter 7 bankruptcy. I am on the deed to the house, but not on the mortgage. Does my filing bankruptcy put the house that he lives in at risk? Also, I’m filing for divorce on Tuesday and am giving him the house in the divorce.

I want to ensure that if I go into bankruptcy court they can’t take my ex’s house from him. I am also on the joint bank account that he has, but I’m going to go to the bank with him shortly to have my name taken off of it.

Any information on this would be appreciated. If I sign a quit claim deed for the house does that stop them from being able to take his house? What’s the process?

Thanks
but what happens if I file bankruptcy and he doesn’t? Will they go after the home to satisfy my debt? He has some equity in the home, but I’m not sure if it’ll be enough to cover all that I owe.

I just don’t want to make this divorce harder than it already has been.

Technorati Tags: bankruptcy court, chapter 7 bankruptcy, claim deed, filing bankruptcy, filing for divorce, risk

A friend of mine who drew K in credit card debt is debating on filing bankruptcy. He is fully able to repay his debts to his creditors, and fear that he may be putting his future at risk. As many people know bankruptcy and going through with it takes a lot of careful thinking. My buddy is hardheaded and thinks the bankruptcy courts will be open to discharge 100% of everything. Not a bad idea if he owed 0K and in over his head…K is workable in my book since he has no real living expenses. Any ideas?

Technorati Tags: bad idea, bankruptcy courts, credit card debt, creditors, debts, fear, filing bankruptcy, living expenses, risk

Can he sign a lease agreement with me?
Will the lease be valid after he declairs bankruptcy?
What dangers are involved with leasing to a guy that just filed bankruptcy – as long as I think he has the ability to pay his rent?
How much would an attorney cost me to ask him/her this question?
I really want to rent my house – I’m willing to take some risk, but I don’t wan’t to be stupid.

Technorati Tags: bankruptcy, lease agreement, leasing, risk