Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy and Consumer Protection attorney here to assist you.
Are you over the age of 60?
I am 60.
Thank you for your response.
Given the information you provided, you would be able to save the CA home - but only if it is your residence at the time you file a Bankruptcy.
In other words, you would have to move to the CA home before, not after, you file a Bankruptcy. If you file a Bankruptcy before you move into the house, the Bankruptcy trustee will be able to sell the house, and give one half of the equity to your wife (if you are filing a Bankruptcy without your wife). Your one half of the house's equity would be distributed to your creditors.
thank you so much Chris for your response.
what is the time requirement to establish the residency?