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Question
My wife and I have planned on filing for bankruptcy next year. We have major medical debt.  She lost her leg in a car wreck and I was in the ICU for 8 days with a blood clotting disorder.  We are in our 30's.  Unexpectedly, my father passed away this month.  He left life insurance in my name.  His home is paid for and there is no debt.  There is also a money market account.  My wife and I have lived in the home with my father and have helped care for him for the last two years. It worked out well for us because we were in so much debt.  My siblings are allowing me to purchase their part of my father's home.  They are giving me a very reasonable deal.  I'm using my part of the money market account and the life insurance he left in my name.  My brother lives very far out of state and does not want the family home. My sister does not want it either and has her future planned out that does not include living here. She has her own rented home with her fiance of five years.   My delima is if I use my small inheritance to purchase the home from my siblings will I still be able to file for bankruptcy???  My inheritance is very small and would not put a dent in what I owe for medical bills, credit cards, etc.  The home has been in my family for over 60 years. My father had it renovated about ten years ago and it's in very decent shape. It's a super modest home but it would be ours and I would work to make it nicer.  The neighborhood is not what is use to be but I would be a home owner without a mortgage and that would give my wife and I some security. Especially because of our health problems.  I don't want the home if it would be taken from me in just a year or so.   Please get back with me as soon as possible.  There was not a will so the home is going into probate but all of us three kids agree that I should be the homeowner.  We are not disputing anything. I just have not brought up my finical concerns with them or even the lawyer.  I'm ashamed and don't want them to know and even though I'm paying a 3rd of the lawyer I have not been able to meet him alone yet and ask him anything.  We have not paid the lawyer a penny yet.  None of the three of us have.  I love this home and I don't want to make any decisions that would ruin all that my father worked so hard for and loved.  I could not live with that shame.  Thank you in advance for a reply

Answer
Dear Tim,

My heart goes out to you over all the hardships you and your wife have had. I recommend that you go to a local bankruptcy attorney, immediately. You should have no trouble findong one who offers a free consultation. The laws vary from state to state concerning what is protected in bankruptcy. I am a California Bankruptcy Specialist. I don't have a working familiarity with those laws in your state.

That is the best way to find out if your home would be protected. In fact, I am going to suggest that you meet with several attorneys. Doing so does two things are are very beneficial to you. First, it allows you to get a second opinion about protecting the house. Second, it allows you to interview several lawyers for handling of your future bankruptcy case.

I am a Los Angeles bankruptcy attorney. If you or other readers want to keep up with my Los Angeles Bankruptcy Attorney blog, at http://www.bankruptcyblogger.org/,  my professional web site at http://www.debt-relief-bankruptcy.com, and A Human Guide to Bankruptcy at http://www.thebankruptcyguide.net/ and http://www.bayerwishmanbankruptcylaw.com/

Bayer, Wishman & Leotta has successfully represented 15,000 clients in bankruptcy cases. Los Angeles Bankruptcy Attorney Leon Bayer and his partner, Los Angeles Bankruptcy Attorney Jeff Wishman, are Certified Bankruptcy Specialists who bring experience, skill and creativity to the highly complex area of bankruptcy law. And not just a little experience. Between the two Los Angeles Bankruptcy Attorney partners, they have over 60 years of experience representing consumer debtors in Los Angeles, Long Beach, Woodland Hills, North Hollywood and the entire Los Angeles basin.

As a long-standing expert, Leon is frequently called upon by the media, the California Bar and other associations to give opinions, provide insight and help educate new attorneys on bankruptcy and its changing laws. This blog is one more way that Leon Bayer and Jeff Wishman share their experience with the public and provide resources for individuals struggling with debt problems.  

We have Los Angeles Bankruptcy Lawyer videos on Youtube, explaining the law and Bankruptcy FAQ's at http://www.youtube.com/watch?v=QZOIHNGgy-o&feature=plcp,  http://www.youtube.com/watch?v=LH5Aa2UrOyA&feature=plcp,  http://www.youtube.com/watch?v=Pz_OEEP3Fuw&feature=plcp,  http://www.youtube.com/watch?v=Igyc2Hs2WLw&feature=plcp,  and
http://www.youtube.com/watch?v=ZG_x5qzUEYQ&feature=plcp.

If you or other readers want to keep up with my blog postings about life in and out of bankruptcy, you can follow my blog at http://www.bankruptcyblogger.org/,  my professional web site at http://www.debt-relief-bankruptcy.com, and A Human Guide to Bankruptcy at http://www.thebankruptcyguide.net/.

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Los Angeles Bankruptcy Lawyer Leon D. Bayer

Expertise

Leon Bayer is a bankruptcy attorney in Los Angeles, California. Leon has successfully represented clients in Los Angeles bankruptcy cases for over 30 years. He is frequently called upon by the media, the California Bar and other associations to provide insight and help educate attorneys on bankruptcy issues. Leon Bayer es un abogado de bancarrota en Los Angeles, California. León ha representado exitosamente a clientes en casos de bancarrota de Los Ángeles por más de 30 años. Él es llamado con frecuencia en los medios de comunicación, la barra de California y otras asociaciones para proporcionar información y ayudar a educar a los abogados en materia de quiebra. Leon's Los Angeles bankruptcy law firm is Bayer, Wishman & Leotta, founded in 1989 and has successfully represented individuals and commercial clients in bankruptcy proceedings for over 22 years. Leon Bayer and his partner, Jeff Wishman, are Certified Bankruptcy Specialists who bring experience, skill and creativity to the highly complex area of bankruptcy law. And not just a little experience. Between the two partners, they have over 60 years of experience as bankruptcy attorneys representing consumer debtors in Los Angeles, Long Beach, Woodland Hills, North Hollywood and the entire Los Angeles basin. As a long-standing expert, Leon is frequently called upon by the media, the California Bar and other associations to give opinions, provide insight and help educate new attorneys on bankruptcy and its changing laws. This blog is one more way that Leon Bayer and Jeff Wishman share their experience with the public and provide resources for individuals struggling with debt problems. You can learn more about Los Angeles Bankruptcy Attorney Leon D. Bayer at Hyperlink Code

Experience

Leon is a Certified Specialist in Bankruptcy Law by the State Bar of California, and has been a practicing bankruptcy lawyer in Los Angeles, California for 33 years. To learn more about Los Angeles Bankruptcy Attorney Leon D. Bayer, go to http://en.wikipedia.org/wiki/Leon_D._Bayer Leon Bayer es un abogado de bancarrota en Los Angeles, California. León ha representado exitosamente a clientes en casos de bancarrota de Los Ángeles por más de 30 años. Él es llamado con frecuencia en los medios de comunicación, la barra de California y otras asociaciones para proporcionar información y ayudar a educar a los abogados en materia de quiebra. Los Angeles bufete de abogados de bancarrota de León es Bayer, Wishman y Leotta, fundada en 1989 y ha representado con éxito a clientes individuales y comerciales en proceso de quiebra desde hace más de 22 años. Leon Bayer y su socio, Jeff Wishman, son Especialistas de Concursos certificados que aportan experiencia, la habilidad y la creatividad a la zona de alta complejidad de la ley de bancarrota. Between the two partners, they have over 60 years of experience as bankruptcy attorneys representing consumer debtors in Los Angeles, Long Beach, Woodland Hills, North Hollywood and the entire Los Angeles basin. Entre los dos socios, que tienen más de 60 años de experiencia como abogados de bancarrota de los deudores que representan a los consumidores en Los Angeles, Long Beach, Woodland Hills, North Hollywood y toda la cuenca de Los Angeles. Como experto de larga data, Leon se llama con frecuencia a los medios de comunicación, la barra de California y otras asociaciones para dar opiniones, proporcionar información y ayudar a educar a los nuevos abogados de la bancarrota y las leyes cambian. Este blog es una manera más que Leon Bayer y Jeff Wishman compartir sus experiencias con el público y proporcionar recursos para las personas que luchan con problemas de deuda.

Organizations
National Association of Consumer Bankruptcy Lawyers, California Bar Association, Los Angeles County Bar Association. Presidente, 1995-1996-Los Angeles Forum bancarrota; Miembro - Comité de la Asociación de Abogados del Condado de Los Angeles en la Ley de Bancarrota Comercial, 1988. Law Advisory
Opinión de la Comisión-Personal & Small Derecho Concursal del Colegio de Abogados del Estado de California, 1996-2000

MR. BAYER DICE: Los grandes bancos y de los companys de tarjetas de crédito han estado trabajando horas extras durante muchos años para vulnerar el derecho constitucional que del pueblo estadounidense para que pueda reclamar la protección de bancarrota. En 2005, el lobby bancario logró convencer al Congreso y al Presidente que hacen las leyes y proceedures más complicado, hopeing que va a obstaculizar las personas que sí que la declaración de quiebra. Tuvieron éxito en la obtención de estos nuevos y complejos proceedures legales por engrasar el sistema legislativo con cientos de millones de dólares en contribuciones de campaña "." La buena noticia para el pueblo estadounidense es que mientras que las nuevas leyes han hecho los proceedures innecesariamente complejas hasta el punto donde la gente sin experiencia no puede dejar de tropezar con el laberinto de las nuevas normas y reglamentos, el proceso es aún factible, especialmente con un abogado que está bien entrenado y con experiencia en esta especialidad.

Publications
Author, ?The Essentials Of Chapter 13,? Daily Journal Report, December 18, 1987.
Contributing Editor, Basic Bankruptcy, California Practice Handbook, Matthew Bender 1992, 1993.
CEB Consultant, CEB-Personal and Small Business Bankruptcy Practice in California, 2003.
A free on line bankruptcy books for consumers at www.bestbankruptcybook.com

Education/Credentials
B.A., J.D.

Awards and Honors
President, 1995-1996-Los Angeles Bankruptcy Forum; Member - Los Angeles County Bar Association Committee on Commercial Law & Bankruptcy, 1988. Law Advisory
Commission-Personal & Small Business Bankruptcy Law of the State Bar of California, 1996-2000

MR. BAYER SAYS: The big banks and credit card companys have been working overtime for many years to undermine the Consitutional right of the American people to be able to claim bankruptcy protection. In 2005 the banking lobby successfully convinced Congress and the President to make the laws and proceedures more complicated, hopeing that it will stymie legitimate people from filing bankruptcy. They succeeded in gaining these complex new legal proceedures by greasing the legislative system with hundreds of millions of dollars in "campaign contributions." The good news for the American people is that while the new laws have made the proceedures needlessly complex to the point where inexperienced people can't help but trip over the maze of new rules and regulations, the process is still doable, especially with a lawyer who is well trained and experienced in this specialty.

Past/Present Clients
I have probably handled something on the order of about 15,000 bankruptcy cases throughout my career. Probablemente he manejado algo del orden de alrededor de 15.000 casos de quiebra en toda mi carrera.

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