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JoeLawyer
JoeLawyer, Attorney
Category: Bankruptcy Law
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Experience:  Attorney in the practice of Bankruptcy Law since 1996
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if i own my home and file persomalbankruptcy can i lose it

Resolved Question:

the loans i have are credit cards and personal loans and my wifes name is XXXXX XXXXX them but the house is in both of our names
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  JoeLawyer replied 8 years ago.

Hi Clay:

Normally, real estate which is jointly owned by husband and wife, called Tenancy by the Entireties ownership, is protected in a bankruptcy proceeding if only one of the spouses files bankruptcy alone.

You should consult with a bankruptcy attorney in your area since many of them offer free consultations.

I hope this helps and a positive feedback is always appreciated if this was useful to you.

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