Legal Question in Bankruptcy in New Hampshire
Affects on a co-owned home with no mortgage
My husband and my brother are both on the deed to our duplex and land. Both families live in it. There is no mortgage on it. What happens if one of them file for bankruptcy? How will this effect our home and land?
1 Answer from Attorneys
Re: Affects on a co-owned home with no mortgage
The answer is it depends upon whether their share of the property is exempt from attachment by creditors or will become bankruptcy property. As of 1.1.02, there is a $50,000 per person exemption for real estate in New Hampshire.
The Fiorentini Law Office has over 28 years of experience in bankruptcy. We are licensed in Massachusetts and New Hampshire.
Our web site is at www.FiorentiniLaw.com. There you will find links to our special bankruptcy page, and to our "bankruptcy primer."
If we can assist you with your bankruptcy problems, please do not hesitate to call us at 1-800-834-6964 for an appointment or at 978 374-0596.
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