Legal Question in Bankruptcy in California

You need to consult with a bankruptcy attorney in the immediate future. The soon-to-be-ex's bankruptcy can have a dramatic impact on your property, credit and other items. First, any property you own jointly is now the property of a "Bankruptcy Estate." As such, you may be prevented from selling, refinancing or taking any action with respect to those properties until and unless you obtain Court permission. His quitclaim deed is probably subject to being set aside by the Bankruptcy Trustee handling his case. As such, the Trustee may be able to sell your home to repay some or all of your husband's creditors. It is probably too late to take any action to protect your property, as anything done now is very likely subject to being set aside by the Bankruptcy Court. It is critical that you meet with a bankruptcy attorney immediately to review how this can impact you.

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