Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
1) What is your total gross household monthly income?
2) Is there any other income in the household besides SSI?
3) What is the current market value of your home/
4) What are the balance on both mortgages?
Given the information you provided, you would not be able to have a Chapter 13 plan approved, because your total household income is too low. Your household income would have to be closer to $6,000 per month to have a Chapter 13 plan approved.
I think this is what you wanted to know. If not, please let me know.
Unfortunately, there is a good possibility of losing your home, as there is no homestead exemption in Pennsylvania. Putting someone else's name on the deed - whether or not that other person is a minor - will not remedy the problem, as this can be deemed a "fraudulent transfer", and the transfer can then be reversed.
If you sold the house to anyone - including a family member - and you received fair market value for the house, that would be okay. A judge could not reverse the sale.
However, if the house was sold for less than market value, of if it were transferred to someone else's name for no value, a judge could deem the transfer a "fraudulent transfer", and reverse the sale.
It does not matter that there are, as yet, no substantial judgments in place. What matters is the money is already owed - the debt is already there.