Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
If you file Chapter 7, the bankruptcy trustee can sell your co-op to pay creditor debts.
If you file Chapter 13, you can spread your debts out and hopefully avoid losing your home. However, without an income source, you cannot qualify for Chapter 13, leaving Chapter 7 as the only option.
Perhaps you could take in a roommate to help pay your bills, while you continue to seek employment. This may not be palletable, but it may be your only way out, if the goal is to save your home.
Hope this helps.
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