Legal Question in Bankruptcy in California

Will they take our house away?

If we recently moved from California into what used to be our summer house in Michigan, is there a good chance that this house will be liquidated if we JUST moved here, and it is now our primary residence?


Asked on 7/08/99, 10:32 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Will they take our house away?

I think what you are asking is if you can utilized a homestead exemption in your home in California (actually, what you said doesn't make sense...you're moving to California INTO a home in Michigan?? Is it a mobile home?). In any event, the answer to your question depends on the value of the property and what liens and encumbrances are against it, as well as the value of all your assets. If you are contemplating bankruptcy and would like a free consultation, please visit my webpage and give me a call and I will be happy to go over your options with you.

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Answered on 7/12/99, 2:57 pm


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