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Can the house be taken from me if my husband claims bankruptcy?

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  • Can the house be taken from me if my husband claims bankruptcy?

    I was recently informed my husband has $40k in credit card debts and is on the verge of loosing his income property. The house has been in my name only for 3.5 years. Can the house be taken from me if my husband claims bankruptcy? What is the best way to financially separate from my husband so that his financial woes do not negatively affect my credit?

  • #2
    re: Can the house be taken from me if my husband claims bankruptcy?

    What state are you in? The answer varies somewhat by state for marital debt.

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    • #3
      re: Can the house be taken from me if my husband claims bankruptcy?

      New York

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      • #4
        re: Can the house be taken from me if my husband claims bankruptcy?

        You should be protected as to the house but joint assets could be taken--he may want to consider bankruptcy.

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