Please provide the amount of each of loans on the two properties (I need to know how much each loan balance is, not just the totals).
Also, what is the fair market value of each property.
Same for the motor vehicle (loan balance and fair market value).
Finally, how much do you gross each month from all sources of income (except social security if you receive it)?
I'm off to dinner. I'll get back to you in a bit. Thanks in advance.
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Your income is too high for a Chapter 7, which leaves Chapter 13. Since the rental and your home are effectively worthless, you could create a plan whereby you continue to pay the two mortgages during the bankruptcy and then pay your disposible income towards your unsecured debts over the next 5 years. Frankly, you probably would pay off the debts in full before the five years is up, so what the bankruptcy would actually do would be to get your creditors to shut up while you were paying them off.
There's no way you can wipe out the debts entirely. You earn too much and your debt is too small in relation to what you earn.
Hope this helps.
Here is a guide (perhaps the only decent one) to "do-it-yourself" a Chapter 13. A lawyer will probably run you $2,500. If your case is unremarkable, you may have no difficulties. But, if you start receiving objection pleadings from the bankruptcy trustee, you may suddenly think $2,500 is cheap to get a night's sleep.
For a consumer bankruptcy attorney referral, see: http://www.abanet.org/legalservices/lris/directory/main.cfm?id=MA and www.martindale.com.
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