Many people enter second marriages assuming that the property they bring to the marriage will still be theirs if the marriage ends in divorce. Unfortunately, this isn't always the case. Things you do during your marriage can cause separate property to become marital property-and subject to division with your spouse if your marriage ends in divorce.
Protecting separate property in a second marriage
Will I lose my home if I file bankruptcy?
You may have heard that you cannot protect equity in your home when you file bankruptcy in Pennsylvania. This is not the case. Under federal bankruptcy laws, you can protect up to $23,675 in equity for a primary residence when you file Chapter 7 bankruptcy.
