bankruptcy home exemption

Joint property, bankruptcy partner wants w / a twist?

Two years ago, and two others bought a house, but left me out of the title and loans because of my credit issues. Now one of the owners must file for bankruptcy. We are willing to pay a substantial portion of our debt to their refinancing. My concern is that his One-third share of equity in the home, but when he goes to court I am concerned that the bank / creditor will ask why his involvement is not just and calling more money. He does not want a Homestead exemption, just cut his losses and move on. The Bank will issue or is it nothing to worry about? I have my receipts for payments on the Mortgage, even if I'm not on it. Does anyone know how much does a lawyer? Thanks

An attorney will cost less than what you lose. In court, they will be on his Half do, since there are only two names on the title.

New York City Chapter 7 Bankruptcy Exemptions