sdgone Posted January 3, 2008 Report Share Posted January 3, 2008 Wife took out a sizeable loan, in her own name, for her neice as they were starting foreclosure on neices home. SURPRISE she didn't pay, and wife has nothing in writing showing it was for them. Wife is on permanent SSD and only receives a small amount per month from SS. Can she in NY file BK either 7 or 13 without me or my income coming into the picture? We do own our home together, with more than 20k equity.Thank you for your responses. Link to comment Share on other sites More sharing options...
bingo Posted January 3, 2008 Report Share Posted January 3, 2008 She can file without you but, your income will have to be disclosed. Of course, then, your expenses are deducted for purposes of the means test so it may not be an issue.Looks like her half of the homestead exemption is $50K.http://www.bankruptcyaction.com/nyexemptions.htm Link to comment Share on other sites More sharing options...
Recommended Posts