Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy litigation attorney here to assist you.
Is your income social security, retirement or what?
Our income is social security. Our age is 67 and 68.
How much does it cost to file?
Ok. If you don't have any income other than social security, and you have a house with a mortgage and no other property, it may be that you're judgment proof - meaning that even if they sue you and obtain a judgment, they can't collect against you because you have nothing they can take.
The only way to have this debt discharged and prevent a judgment from being filed against you is to file bankruptcy. The cost varies, but a simple bankruptcy should be around $750.
No, if you file, it affects everything - not just this debt. However, you do have the right to re-affirm debts you want to keep - like your mortgage and other credit cards. If you keep paying these debts and re-affirm them during the bankruptcy, you'll be allowed to proceed with them as usual.