Today, I went to file Chap. 7 bankdrupsty. While in the courtroom, the clerk asked about "inheritance". My mother had passed away in 2006, and her home was left to myself and four other brothers, with the oldest being the executor. The home has never been sold, nor settled in any way. Since I have had nothing to do with it, and my attorney did not mention it prior to the hearing today, it was totally out of my head until the judge asked. I told them the entire story, they did do the discharge, but said for me to get a copy of the will (which I jsut had faxed to the attorney) and I will meet with my attorney on Monday.
The judge said perhaps the attorney could find a way to "exempt" my portion of the house taxed value. What will happen? What should I do? Thank you so much
I am in Va and my mother's home is in VA, and the total tax value is $318,000. , 2010.
Also, I do not want to jeopardize my brothers share of the inheritance of my mother's estate, because of my own bankrupsty that had to be done as I became very ill last year. (the other 4 brothers are not aware of my filing) I don't know what my attorney can do, but the judge did say," get the will to your attorney and perhaps he can find a way to protect that (the home) asset. I am truly troubled by this, I don't want my mother's home forced sale on the court house steps and my brothers excluded on my account. There must be a way to get around this, or the judge wouldn't have mentioned it?
Again, thank you.
Also, I do own my own home, which I kept and agreed to pay as agreed. Also, one car, with a payment and agreed to pay. I discharged $95,000. in unsecured credit card debt
. (Until now, my credit score for over 35 years was over 800!) I am 53 years old.