If anyone is familiar with the BK process in Tennessee, please send me a note.
My wife has no income and $45K in unsecured CC debt in her name.
What happens to the house and car (both jointly owned) if she files BK7? The home has $150K equity, but surely they cannot take my part of the house and car if I don't file, right?
Can they put a lien against either one?
Can we sell the house after BK without a trustee expecting the equity?
My wife has no income and $45K in unsecured CC debt in her name.
What happens to the house and car (both jointly owned) if she files BK7? The home has $150K equity, but surely they cannot take my part of the house and car if I don't file, right?
Can they put a lien against either one?
Can we sell the house after BK without a trustee expecting the equity?