Jackson, MS asked in Bankruptcy for Mississippi

Q: Recently gave a house I owned to daughter. I still own my residence with a loan on I can repay

I just have another personal loan i just cannot pay it has no Collateral. my car is paid for as well as all my credit cards i am a widow with VA check benefits on my deceased spouse who i get benefits on related to agent orange in Vietnam. Can I still keep my Veterans benefits and able to file bankruptcy even though i gave my daughter the house I spoke of earlier. Did not get any monies from her. Is there a waiting period etc. Thanks

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1 Lawyer Answer
Cristina M. Lipan
Cristina M. Lipan
  • Bankruptcy Lawyer
  • Wantagh, NY

A: The VA benefits are not an issue. However, your giving the home to your daughter is an issue, and a trustee may be able to sell the property to pay your creditors.

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