Exempt property for notice of rights

Attorney answers (3)

1. 

   Charles Smith

   Sandusky Chapter 7 Bankruptcy Attorney

   Contributor Level 15

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   Answered April 26, 2011 16:16. You are in serious danger of losing not only your own property, but also your family's property. Please, go see an attorney. You have a complex set of facts and your questions can only be answered by a licensed attorney from your state. Try to find an attorney who specializes in bankruptcy law and also does not charge for an initial consultation.
   
   Your family's property is valuable. Be prepared to pay for good representation. You may have to check out a couple of attorneys in a hurry. Get on the internet and your yellow pages and look up some bankruptcy attorneys. Some may even be open in the evening.
   
   It is much better to explain to your family that you need a small loan for an attorney than it is to explain how you lost their home for them. Do it now. Good luck.

   Thank you for reading me. I hope you found this answer to be be helpful. If it was indeed helpful, please click... moreThank you for reading me. I hope you found this answer to be be helpful. If it was indeed helpful, please click on the "thumbs up" block below. This answer is not intended to create an attorney/client relationship. It is general information that should be discussed with your own attorney. Because the law in other jurisdictions is different and the facts of each case are different, consumers can not rely on the opinions expressed here. less

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2. 

   Dorothy G BuncePro

   Las Vegas Chapter 7 Bankruptcy Attorney

   Contributor Level 20

   

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   Answered April 26, 2011 16:14. I would assume that the paperwork requires you to be honest, and being honest requires you to disclose everything you own. When your name is on the title to property, it means you have an ownership interest in it.
   
   Hope this perspective helps!

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3. 

   Theodore AraujoPro

   Syracuse Chapter 7 Bankruptcy Attorney

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   Answered April 26, 2011 16:45. Yes. If your name is on the title or deed, or the account is held jointly you own the entirety of the property. If the money in the joint account is your mothers and you are there holding the funds in trust then they would be exempt.

   Disclaimer: This answer does not constitute legal advice. I am admitted in the States of New York, New Jersey and... moreDisclaimer: This answer does not constitute legal advice. I am admitted in the States of New York, New Jersey and Massachusetts only and make no attempt to opine on matters of law that are not relevant to those three States. This advice is based on general principles of law that may or may not relate to your specific situation. Facts and laws change and these possible changes will affect the advice provided here. Consult an attorney in your locale before you act on any of this advice. You should not rely on this advice alone and nothing in these communications creates an attorney client relationship. less

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