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Does she want to keep the home?
great - thanks!
no - she has no interest in the home. Apparently he wants to keep the home. He has atrocious credit so refinacning for him is not an option.
she wanted him to sell it before the bottom dropped out of the market, but now they'd be lucky to get what they owe on it if they sold it.
Than with her income levels and debt, a bankruptcy should be filed, a chapter 7, which would relieve her of all her debts and obligations to the mortgages,
She can then go after her ex for child support arears, later, but a chapter 7 would be fine for her
in chapter 7 would hse have to repay any of the unsecured creditors?
sorry - would she have to repay unsecured creditors
I have the impression that several years ago the bankruptcy rules changed, making it harder to default on credit card companies
No, in a chapter 7, she does not have to pay any of her debts, if her income was higher, than she may have to be in a chapter 13,
how many children does she have living with her
if she has no family members living with her, as long as she makes $39,384
or less, she qualifies for a chapter 7, if she makes 40,-41,000 she would still qualify in most circumstances,
If she has children living her the income is higher to qualify,
If you have any further questions please do not hesitate to ask
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she has 2 children ages 15 & 10. Both live with her in GA.
Than she can qualify for a chapter 7 bankruptcy
She would be able to discharge and wipe out all her debts,
thank you very much for your assistance!
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