Olive, NY Bankruptcy Law Firms & Lawyers

Well, talk about a question that is as clear as mud. Did you inherit the house from your mother or did you inherit it from someone else? Do you inherit the house through probate or because your name was on the title as a joint or co-owner? How long ago did your mother file bankruptcy? Was it chapter 7 or chapter 13? Was the bankruptcy completed by a discharge order? Or was the bankruptcy still open and pending? All this questions are crucial to get an accurate answer to your question. I am not a Magic 8 ball that gives you answers randomly that say nothing.

You have more problems than you can imagine. By recently filing a quitclaim deed, presumably from your ex spouse to yourself, a bankruptcy trustee can claim that this action was a fraudulent transfer by your ex. In short, litigation in bankruptcy court could make the quit claim deed you hold worthless. I would be seeing a bankruptcy lawyer in your community right away.

If you are not able to pay your bills as they come do, then considering whether or not to file bankruptcy is a good choice. Their a pros and cons, but my first instinct would be to say you should probably file a chapter 7 in the near future, and start to get back on your feet again with a fresh start.