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i owe $140,000 in unsecured debt for over 8 months, i have share the title on home with other family members, they are trying to get me home equity loan to help me our, then a friend ask if we are selling house. They will not have down payment funds till 3 months later, so if we sell it, which will take some time like 2-4 months approx. can the creditors do anything like get judgement against me in this time frame?
State/Country relating to Question: California Already Tried: negotiating with creditors to buy time
They can certainly file for a judgment but it usually takes longer than that to actually get into court.
if i sell the house can they go after me without secured assets attached to my name?
Yes they can still get a judgment and if you are selling the house to avoid your creditors they could have it classified as a fraudulent transfer.
Attorney
Actively practicing trial attorney
only way to get money to pay the off debt is to sell house or get loan, i just dont want lawsuits, settle peacefully, so getting loan is best way and fastest way right?