Accepted Answer

Hello,

So sorry about your cicumstances. Best wishes for your son.

You can consider filing a Chapter 7 bankruptcy. It may give you the financial relief that you need and still allow you to keep the house.

As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13.

There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.

A Chapter 7 bankruptcy could discharge (erase) all of your credit card debt. It would be an opportunity for a fresh financial start.

A Chapter 13 bankruptcy could reinstate a mortage that is in default. However, it may require that you repay some of your unsecured credit card debt. It does not appear that a Chapter 13 would assist you.

Legal Aid can assist you. I suggest that you give them a try.

I hope that the information which I provided was helpful to you.

Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.

Thank you,
FLAandNYLAWYER

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Expert:	FLandNYLawyer
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Answered:	1/7/2009

Attorney

20 years of private practice