if i set up a family trust can creditors take me to court and force the trust to sell the home?
by admin ~ October 3rd, 2007 . Filed under: Other - Business & Finance .
JOE P asked:
i have enormous credit card debt due to a divorce. i want to put my home ion a family trust to avoid a forced home sale. will that work
Louie Doutt
i have enormous credit card debt due to a divorce. i want to put my home ion a family trust to avoid a forced home sale. will that work
Louie Doutt
October 7th, 2007 at 4:45 am
That is terrible that you have debt because of a failed marriage, Credit cards are unsecured debt and therefore they cannot force you to sell ANY of your assets to pay the bills.