Just moved back to Canada (I'm Canadian, husband in American). I work full time and my husband is in Canada on a student visa, with his schooling being covered by his GI bill benefits (he was active duty Air Force for 12 years, honorably discharged).
We have 30,000+ in unsecured credit card debt
in the States, and a mortgage in the States (we have no equity
in the mortgage and currently have renters living in the house, paying the mortgage payments). We do have a house in Canada, but it was purchased through a private mortgage, not through a bank.
We are considering filing a Chapter 7
bankruptcy, but need to know how this will affect:
-our mortgaged house in the States, and the renters currently occupying it
-my husband's GI bill
-my credit rating in Canada
-our personal mortgage in Canada
Any advice would be greatly appreciated. We are behind on two credit card companies' payments, and have debt collectors calling every two hours daily from one. Juggling bank accounts both in Canada and the US, bills both sides, and living in Canada/working in the US (bordertown), is extremely complicated, and we have not transitioned well. We moved to Canada last year.
Thanks in advance for your time.