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Expert: John Hall - 6/19/2006


Question
I live in Indiana. My wife racked up approx. $65,000 in credit card debt all in her name except
one for $15,600 w/my name also. Our house is titled in both names as tenants by the entireties.
She is on SSI as her only income. We owe 63,000
on house worth 120,000. I am going to pay off the 15,600 card w/my name. Will judgement against her
effect house? I think I will be all right and if she passes b4 me title will automatically pass to me w/out any problems. I had thought about buying out her interest in home for 15,600 and have title in my name only and have her pay off cc card
but am afraid this could be construed as a fraudulent conveyance. Also she has a whole life
policy payable to me. Is this attachable? What do you think about all this?

Answer
This would be a lot easier to explain on the telephone.  Based on what you have said,  you have several options available to you that do not involve paying these people off or having to transfer money around as you suggested.     Call me on my cell phone if you like and we can discuss your options in more detail.  I will not charge you just to talk on the phone.   661  492-2673

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John Hall

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Law school graduate, Juris Doctorate (J.D.) Degree; Over 25 years of experience throughout the United States in bankruptcy law matters (Chapters 7, 11, and 13 of the United States Bankruptcy Code) primarily representing individual debtors with consumer debt or small businesses; Experience has included all aspects of debtor/creditor relations.

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FREE BANKRUPTCY HELP. If you are being sued, if your home is being foreclosed, or if you are being harassed by bill collectors, filing for bankruptcy may be a quick and inexpensive solution.. The mere filing of a bankruptcy will operate as a federal court order (it is called an automatic stay) to stop all bill collection efforts, including lawsuits that are pending or ongoing. Bankruptcy is a legitimate way to meet your problems with debt head-on. The bankruptcy law is designed to give you a second chance to make a new start without the psychological and financial burden of pressing debts that you are unable to pay. Depending on what state you live in and what your assets are, it is very unlikely that you are going to have to lose anything if you file for bankruptcy, and this is something that you can do immediately without having to pay the $500 to $1,500 attorney fees that most attorneys charge. Also, you might be surprised that you can file for bankruptcy and that it will not have the devastating effect on your credit that most bill collectors describe. Life is too short to have all this anxiety over losing your car through repossession, getting evicted from your home, or losing your home through foreclosure. Bankruptcy law was designed to give you a second chance. I will not charge you just to talk on the phone. Call me at 432 853-5711, or send me an email at j_h14@hotmail.com with your telephone number, and I will call you back.

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