Michigan  |  Bankruptcy

Legal Question

Asked on: 3/08/13, 8:21 am

My daughter works out of her home for a mortgage company over the internet. She has a sixteen year old autistic daughter who is having problems with bullying at school and, considering where she lives, both of them are afraid for their health and security. Her home is worth much less than she owns. She has around $40,000 in savings and IRAs. Can she incorporate and have the home she is in be part of the corporation, separate from her savings and IRAs? If she somehow loses her home, can incorporating somehow save what savings she has so she has something to start with somewhere else?

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