I have a few questions within one:
I am currently in foreclosure--the sale is scheduled for Feb. 20th and the redemption period ends on August 20th. I currently have about $60,000 in credit card debt
, the house has two loans (a first and second) and has no equity
--I am actually upside down by $100,000 on the first alone and I owe another $100,000 on the second. And I owe $17,000 of IRS taxes
from 2009 and 2010 (both were filed on time). It sucks to be me right~~~
For the record, most of the debt was created by my ex-husband's overzealous goals and attempt to start a business---and forgot to pay the taxes leading to a balance of $17,000.
Question # XXXXX: Should I wait to file bankruptcy until after the 2nd mortgage decides to file a deficiency judgment? Is there a statue of limitation on judgements?
Question # XXXXX: I have two jobs (one that pays $100,000 I have been there for 6 years and the other that pays $40,000 I have been there for 7 years). I plan to resign from the $100,000 job due to stress related issues associated with the work. Once I get kicked out of my home in August, I will no longer be able to afford my credit card payments. Should I file in August or wait for my taxes to expire in 2014.