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You may wish to consider chapter 13 if you get back to work or have other steady income. Pennsylvania exemptions do not protect any equity in a home, (some exceptions if home is joint with a spouse) and the federal exemption which is allowed is just $21,625 to protect the equity. Therefore, chapter 7 is out, and leaves you with a chapter 13, whereby you would pay back debt over a 3-5 year repayment plan to protect the unexempt equity
If you are back to work, then talk to a local bankruptcy attorney to review the equity, and help come up with a feasible chapter 13 repayment plan.
Absent that, you can take an equity line and pay off the debt, or negotiate a settlement with them
or, you can enter into a debt repayment plan, many non-profit's are there, check with the better business bureau for them.
do you have any questions?
I doubt any bank will consider an equity line with my current income of 350/week and a current mortgage of 1100/mo
I understand. Best to see if you can work something out with your creditors. The chapter 13, to be feasible and approved, would need to show that you have enough left each month after all the monthly bills are paid to pay back the debts to protect the equity.
best to work with the lenders or else a consolidation company.
Thanks for your question, good luck
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