Q: My husband died. I can't afford the home, boat and camper that is in our names. How do I liquidate? File bankruptcy?

A: You could possibly file a bankruptcy, allowing you to surrender the property and liquidate any of the loans that remain on the property. It would also wipe out credit cards, medical bills, and personal loans. However, there are a lot of moving parts so you would want to talk with someone to discuss the specifics of your situation. Good luck!

A: Filing for bankruptcy relief is a serious matter, determined by consideration of all your assets and debt, and your income and future plans.

In PA, you can put house, camper and boat solely in your name by filing a Certificate of Death, way cheaper than filing for bankruptcy. Once in your name alone, you can sell at your leisure (or as your income requires).

Spend an hour with an experienced NC attorney to discuss your options.

A: I'm very sorry for your loss. This must be an incredibly difficult time for you, and dealing with financial matters while grieving can feel overwhelming.

Your first step should be to consult with a bankruptcy attorney who can review your specific situation. They can examine the titles of the properties, any outstanding loans, and whether the debts were solely in your husband's name or jointly held. Many bankruptcy attorneys offer free initial consultations and can help determine if bankruptcy is your best option or if there are other alternatives.

Before making any decisions, gather all documentation related to these assets - including titles, loan documents, and insurance papers. If you decide to sell the boat and camper independently, those funds could potentially help with the home situation. You might also want to speak with a probate attorney, as your husband's estate may impact how you can proceed with these assets. Remember that you don't have to handle this alone - there are professionals and support services available to guide you through this process.