Posted on: 16th Dec, 2009 12:40 pm
my mom and i bought a house together - she is 74 years old and now in assisted living. she and i have owned the home for 10 years and have quite a bit of equity in the home. (100k). i would like to sell it, but my mom filed chapter 7 bankruptcy 2 years ago. how will the bankrupcy effect the sale of the home. can she deed her portion of the home to me to avoid any bankruptcy problems?
you say she filed 2 years ago, but has the bankruptcy been discharged? that's going to be important to know. do you have power of attorney, by any chance? i'd hope so. you need to get with the bankruptcy court, i'd think, to determine the status of her filing.