house
August 6th, 2006 by Questions
hello my husband can’t pay his bills I own the house it\’s in my name . can the crediters take my house jean
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August 07, 2006 at 9:29 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:
If your husband has lived in the house and has typically had an income there is a strong possibility that the creditors could apply to court to obtain an order for ½ of the equity in the home. This is often referred to ad dower rights, and the idea is that the monies that he earned were for the benefit of everyone in the house and enabled the mortgage to be paid etc., therefore there is a strong argument to be made that this equity rightly belongs to your husband. It takes a bit of work for creditors to do this, but it is definitely a possibility.