Aftereffect Of Partneris Bankruptcy On Jointly-Owned Property

[Holwell]

My difficulty demands bankruptcy in their state of: Oklahoma
If bankruptcy is filed by my husband, I'd like to know, and I am on the deed to our 10 acres in which we reside, can they take our land? In Alright, I realize if you reside in "area" limitations, they can take all-but 1 acre, if you are not combined processing nevertheless, can they take something which my name is on? Our house is clear and cost-free... Or do we should have a mortgage on it to reaffirm and safeguard it?

[vaiveatoish]

Agree with Mr. Knowitall.
In a common law (separate law) property state, the above information would apply.

[Ware]

A classic line, although not responded. I infer this the name is in both of one's titles. In a typical law property state, if he files for bankruptcy and that you don't, lenders may usually claim for your partner's share (50%) of jointly-owned resources, susceptible to bankruptcy exemptions. If this really is your separate property (certainly separate, and not only entitled to one to keep it out-of his title and from his creditors), it should not element into his bankruptcy.

[morse]

What did his bankruptcy attorney tell you?