Hagerstown, MD asked in Bankruptcy for Maryland

Q: under bankruptcy chapter 13, I am filing but my wife is not. The home we own, would I have interest in 50% for filing

I have completed my schedule A/B and other forms that are due tomorrow. I just need to know if I place only my 50% interest on my schedule a/b as this drives my answers for schedule c exemptions and other docs as you know. I would appreciate any feedback but I don't have time to discuss details. Just need quick help if possible

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1 Lawyer Answer
Timothy Denison
Timothy Denison
  • Bankruptcy Lawyer
  • Louisville, KY

A: You have to list the house as an asset in which you have a 1/2 undivided interest in the bankruptcy petition. But if you’re filing a 13, it’s a repayment plan so none of your assets should be in jeopardy.

Bruce Alexander Minnick agrees with this answer

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