What is the name of your state? Georgia is my state. I am a 42 yr.old female on Social Security Disability...income of $661.00 monthly. As of Jan.2006, I lost my life partner and their income. Thus, not being able to pay My Credit Card (16) accounts. Then, approx. balance $24,000.00. Now with no payments and late fees...etc...Approx.$40,000.00. I only own my 1995 single wide mobile home I live in...no land, vehicles or other forms of assets. I am also on Food Stamps $43.00 monthly. No money to pay a bankruptcy.
My father passed away Dec.2004...long story short...The land and mobile home He had was Willed to be transferred into Me and My Mothers name together. Only valued at approx.$30,000.00. Will was Probated...Finalization of Probating Will is tomorrow, Thurs. Oct.19,2006. Due to the extra expenses for Probate and transfer of Title Ownership and age of my Mother...Mother wants to go ahead and put property in My Name Solely. Question...If We do this, Can the Credit card companies "I" owe come after Her Property? If I am the sole owner of the property? OR... If Me and My mother co-own the property can they come after Her property? Looking for advice on whether to leave the property in My Mothers name solely, Put it in Both Our Names or Would it be safe to have in my name under my financial situation? Request for RSVP reply is appreciated. Thank You... Respectively...Have a Blessed Day... B.Wright.
My father passed away Dec.2004...long story short...The land and mobile home He had was Willed to be transferred into Me and My Mothers name together. Only valued at approx.$30,000.00. Will was Probated...Finalization of Probating Will is tomorrow, Thurs. Oct.19,2006. Due to the extra expenses for Probate and transfer of Title Ownership and age of my Mother...Mother wants to go ahead and put property in My Name Solely. Question...If We do this, Can the Credit card companies "I" owe come after Her Property? If I am the sole owner of the property? OR... If Me and My mother co-own the property can they come after Her property? Looking for advice on whether to leave the property in My Mothers name solely, Put it in Both Our Names or Would it be safe to have in my name under my financial situation? Request for RSVP reply is appreciated. Thank You... Respectively...Have a Blessed Day... B.Wright.