I've been disabled since 1999, Squamous Cell Carcinoma, very long story and am on SSDI.
My problem: After 5 years of being disabled and generally being a pain in the butt because of it, my wife is divorcing me. We own a home. The home was paid off and somewhere along the line we acquired a new mortgage. We don't need to go there, however, it seems the house is going to be sold no matter what happens. She's put the house into default and is "giving" me the equity and quit-claiming off the deed. It's no prize since the house will likely be seized before it can be sold and she figures that "giving" me the equity will save her from paying me maintanence (Alimony)
My question: Assuming the house CAN be sold before it is seized, what am I allowed to retain cash-wise and not lose my SSDI? Giving up my SSDI is not an option, obviously. Where am I at?
I have no lawyer, cannot afford a lawyer and in any case, I'm really starting to despise lawyers, for obvious reasons.
For cryin out loud! talk to a bankruptcy attorney, today, you may be able to get a stay and keep the house from seizure, attorney could represent based on fees from sale of home. So you may be able to preserve your equity. It is usually free to consult with one, do it today. Good luck.