Legal Question in Bankruptcy in New York

house in life estate

I put my house in Life Estate a year ago when things started to spiral out of control. Now I must claim bankruptcy, I have been avoiding for years,but have no alternative.

My question is ''Can my creditors reverse this home protection and put leins on my hoe ? Please HELP!!!!!!!!!


Asked on 5/25/07, 6:09 pm

1 Answer from Attorneys

Stephen Starr Starr & Starr, PLLC

Re: house in life estate

If you own a home you should hire an attorney if you are planning to file bankruptcy. Bankruptcy is really not a suitable topic for a "do it yourself" project. Since the amendments in Oct. 2005 to the Bankruptcy Code it has become more complex and there are many traps for the unwary. Trying to save a little money by doing itself could result in you losing your home. If you don't know how to locate a qualified attorney you can always call your local county bar association, most of which sponsor referral services that screen qualified attorneys to serve on their panels.

Check out the Frequently Asked Questions section of our website at www.starrandstarr.com/faqs.htm for more information about consumer bankruptcy topics.

Please feel free to contact us during normal business hours to schedule a free initial consultation regarding your bankruptcy and non-bankruptcy options at 8888678165.

Nothing in this response to your posting on Law Guru is intended or should be considered as legal advice to your specific situation. Our posting is intended to provide general information of interest to the public. Facts relevant to your situation and not disclosed in your posting may affect your specific legal rights and remedies.

Good luck,

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Answered on 5/26/07, 5:34 pm


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