Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification
A bankruptcy would be a good option for you,
as you do not have to worry about any more fees, or possibility of a 1099 being issued to you, and possible tax consequences
A chapter 7 would cost you anywhere from $900 to $250 to file,
If you continue your car payments, and current home mortgage, and their is limited or no equity in both you would be able to keep them
Thank you, XXXXX XXXXX be any sort of judgment placed against me to repay any of the loans, also will the IRS be able to pursue any type of judgment or tax from me? Also will the bankruptcy attorney require a flat fee of(NNN) NNN-NNNNat the time of consult? or will that be billed to me? About how long will it take from the day I meet with an attorney, to the day the bankruptcy will be completed?
Thank you for your time.
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