Hi - my name is XXXXX XXXXX X'X a Bankruptcy and Consumer Protection attorney here to assist you.
Since your house has no equity, and since your car has minimal equity, filing a Bankruptcy will not affect either of these.
Regarding the timing for filing - you would have to wait until around 2-3 months after you stop earning $65,000 per year to file.
As the rule is you have to have earned less than $22,056 gross income in the 6 months before filing.
What happens to my house if I do international (volunteer, stipend) work or stay with parents in another state to wait 9 months or so to get another job, can I keep my house in MI or rent it?
A Bankruptcy filing will not affect your house, since it has no equity.
This is so, even if you are not living in the house, and even if you are renting the house.
Assuming the rent you receive will be used to pay the mortgages, the rent your receive will not be added to your income to determine whether you can file a Chapter 7 Bankruptcy.
And please have a pleasant day!
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