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  1. #1
    Join Date
    Nov 2011
    Posts
    2

    Default My Mom Left Me a House, but I Have So Much Debt from Years Back

    My question involves bankruptcy in the state of: GA

    Thank-you off the bat for ur time. In 2007 my mother passed away n left me n my sister a property in NJ that we paid off with the insurance money. She was the best single mom a kid for ask for. Unfortunately for me I made a mess of my life with drugs after my mom passed. At that point I was unable to maintain the property so i legally gave the house to my sister. For the last 4 years I have been trying to get back to the road my mom paved me. I am now clean and strong again, but now find myself in this financial mess. I have about 65k in unsecured debt, I have no assests besides a anuuity starting in 2012 of 265$ a month for 5 years. I got the annuity from my mother from a car accident settlement she recieved in 2005 which she set up for me before she passed away. So my question if I file for chpt 7 will they come after my sisters house if I showed ownership at any time?

    Thank-you for your time

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: My Mom Left Me a House, but I Have So Much Debt from Years Back

    Probably not, given the time frame, unless your creditors can show that it was part of a scheme to make you uncollectable. We don't know the full facts. When you consult a bankruptcy lawyer, you will want to disclose the transaction and discuss it in some amount of detail.

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