- Reduce your monthly payment by up to 50%
- Be debt free in as little as 12-30 months
- Settle your debt for only 40-50% of what you owe
- Make one simple monthly payment
- Dont risk your home or other personal property if
you miss a payment
- Dont pay service fees unless our debt relief program saves you money
- Reduce your stress and get a New Deal!
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Using Tenancy by the Entirety to Protect your Assets
Tenancy by the entirety is a special kind of property ownership that's only for married couples in a handful of states. With tenancy by the entirety, both spouses have the right to enjoy the entire property. In the event that only one files bankruptcy and property is held in both names, then the property is 100% protected. If both file bankruptcy, however, the property is not protected and may be liquidated to pay back any unsecured creditors. Tenancy also applies to judgment liens (i.e. liens on home, checking accounts, etc.) Some states allow tenancy by the entirety rights for all property, whereas others reserve it only for real estate. Tenancy by the entirety property ownership rights apply to all debts except IRS tax debt.
Full Fledged Tenancy by the Entirety States
Alaska
Arkansas
Delaware
District of Columbia
Florida
Hawaii
Maryland
Massachusetts
Mississippi
Missouri
New Jersey
Mississippi
Oklahoma
Pennsylvania
Rhode Island
Tennessee
Vermont
Virginia
Tennessee
Wyoming
Tenancy by the Entirety Only for Real Estate
Illinois
Indiana
Kentucky
Michigan
New York
North Carolina
Oregon
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