Yes, you’ll list all assets you own, including your house. Because of your spouse’s interest in the home, you won’t be able to surrender the asset to bankruptcy court, and the filing won’t impact the mortgage payment.
It may be beneficial for you to consider your options when it comes to reaffirming your mortgage. You may be able to eliminate your personal liability to the mortgage, which can be beneficial in some circumstances.
By talking your options through with an experienced bankruptcy attorney, you can learn how to maximize your exemptions and protect your most valuable assets while discharging your debts and moving on.
Call the Queens bankruptcy attorneys at Zelenitz, Shapiro & D’Agostino today at 718-599-1111 for a free consultation.