Q: If a husband and wife own a home with no mortgage,and the husband alone by himself applies for bankruptcy
will the creditors go after the house if he applies by himself alone for the bankruptcy?
A: Creditors would not be able to go after the house owned by spouses as tenants by the entireties, unless both spouses were liable on the debt. But note, in a bankruptcy it would be the bankruptcy trustee, not creditors, that might do this.
As always, you get what you pay for. Be sure to talk to a qualified attorney about your specific situation before choosing to rely on information you get from internet discussion boards such as this one.
A: Depending on the value is the home, the trustee could possibly go after the home if there was sufficient equity in the husbands portion after considering all exemptions.
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