I live in NJ. I have a house. The value of the house is
I live in NJ. I have a house. The value of the house is around 500,000 and the remaining mortgage is about 320,000. I have been paying the mortgage, but I have credit card debts over 150,000. I want to file bankruptcy to get rid of my credit card debts, but I want to keep my house. Since my income is around 130,000, I know I cannot file Ch7. But can I file Ch13? Thank you.
My wife accumulated a lot of credit card debt and now she
My wife accumulated a lot of credit card debt and now she wants to file chapter 7. How will this relate to me and my assets, inclufing my home which I bought ling before we were married and is only in my name? I'm afraid they will try to go after my sssets.JA: What state are you in? And has anything been officially filed?Customer: California and no, nothing has been filedJA: Has anything been filed in civil court? If so, what?Customer: NothingJA: Anything else you want the lawyer to know before I connect you?Customer: Is there a chargeJA: You just pay a $5 deposit now and the rest only when you get a reply from the Bankruptcy Lawyer. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: Ok. I also have another question on the same topic
I am 35 years old and accumulated a bunch of debt for
I am 35 years old and accumulated a bunch of debt for various reasons and can't find a good answer to how to handle going forward. The bankruptcy attorneys I have talked to don't really tell me whether it's a good idea, they just want to charge me and file. A financial adviser is just there to manage wealth, debt settlers just want to consolidate your debt whether it's the best option or not and I am past credit counseling and consolidation at this point. Below are the points of my situation and questions.1. I am in the situation due to house issues, a salary decrease, and health issues so I do qualify for debt settlement. I don't want to do this because I could still get sued for the debt and I would like to just move forward with whatever the solution is.2. I would like to save for emergencies and retirement and can't do that now because I have so much debt and I would also like to buy another house at some point again in my lifetime.3. I make $110,000 a year in salary with about a $10,000 bonus.4. I own a house but can't sell it because I just purchased it in August and would have to bring thousands of dollars that I don't have to close. I can rent it but would still have to pay about $500 a month to make up for the gap between the rent and my mortgage. I do not want to keep it so could let it go in bankruptcy or do a deed in lieu of foreclosure. I don't think I can do a short sale as I don't think I can keep up with the payments as it can take a long time to sell and close.5. If I do bankruptcy, is using an attorney online sufficient or should I find another one local that can be a bit more hands on?6. I have a car that I owe about $25,000 on that I want to keep.7. What kind of financial information do I have to provide to prove I need to file bankruptcy?8. I have about $46,000 in student loans9. I have about $86,000 in personal loans10. I have about $21,000 in credit card debt.
I am a homeowner with close to $35,000 in credit card debt.
Good morning, I am a homeowner with close to $35,000 in credit card debt. I find myself in a deficit of about $250/mo paying mortgage, household expenses, and credit card payments. Would I be eligible for bankruptcy? Thank you,.
I have the following debts: 42,000 student loan (Feds)
I have the following debts:42,000 student loan (Feds)14,000 car loan12,000 signature loan26,000 credit cardsI've been unemployed 5 monthsAssets:22,000 in pension account600 in Series e savings bonds2000 in stock and bonds account3200 in 401k1000 cashI do receive 1,900 in unemployment benefits a month but that will run out in 2 monthsIs it as hopeless as I feel it is? Should I file for bancruptcy now?
This is a chapter 7 question...The Debtor is over the median
This is a chapter 7 question...The Debtor is over the median and is giving up his vehicle in his chapter 7 case. However, he is going to have to pay for the fuel and upkeep of a vehicle owned by someone else while he gets back on his feet. Can the Debtor still check 1 vehicle on line 11 of the 122A-2 means test form because he does have operating expenses although he doesn't have ownership expenses? Thank you in advance for your assistance.