Perhaps I should explain further, as I have one more question. My parents (both work full time) don't want to declare bankruptcy and have tried everything possible to prevent that/clear their debts the past few yrs. We feel there may be no other choice if things keep up. They have been living...
My parents are about to go through bankruptcy, but they have some land (not worth much) they don't want to lose. Is there any way to avoid this (ex: signing over the land to one of their daughters)?
thanks