Legal Question in Credit and Debt Law in Indiana

Bad credit/ Just given home by father

I have bad credit and my automobile is being repoed. I-was given a home by my father and worried that someone could put a lean on the home. The home's value is between 60,000 and 80,000. How can I keep the home free and clear to sell later and start a new life. My father Quitclaimed the home to me. I have other depts such as credit card. I can't file bankrupt until Feb of 08. What should I do.


Asked on 4/12/07, 2:46 pm

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: Bad credit/ Just given home by father

You may have a problem with creditors and the real estate. If the value of the real estate is more than $17,500.00 then you will have problems. Dad would have done better to deed the real estate to you jointly. If you are thinking of filing bankruptcy again, I suggest sitting down with a bankruptcy attorney in your area.

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Answered on 4/12/07, 6:48 pm


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