Bankruptcy Law

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Our parent's have overwhelming debt and are in bad health.
Our parent's have overwhelming debt and are in bad health. We are trying to figure out the best options to help them concerning credit card debt. Don't know where to find information concerning credit… read more
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I am a 72 year old woman that receives social security and
I am a 72 year old woman that receives social security and a small amount of money from my dead husbands pension, I owe about $60,000 on my home $40,000 in the original mortgage and $20,000 in a line … read more
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my parents do not work anymore and only have socal security
my parents do not work anymore and only have socal security income of 2000.00/month..they have about 45k in credit card debt..they also have a condo in florida with about 40k equity if that. it is a r… read more
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cfortunato
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I am 73 yrs and my husband is 75 yrs. We are residents of South
I am 73 yrs and my husband is 75 yrs. We are residents of South Dakota but we winter in Arizona. October of 2012 we gave our Motor Home back to the bank, which is based in California, because we could… read more
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Can a married person on social security, and two pensions totaling
Can a married person on social security, and two pensions totaling under $26k, file for BK if their spouse is employed and earning $55k. The total income is still unable to pay monthly debts (mortgage… read more
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J.D.
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Hello. I am a home owner in Pennsylvania and my house is worth
Hello. I am a home owner in Pennsylvania and my house is worth about $350,000, which is less than what I paid for it and invested in it. I don't want to sell my house now when the prices have dropped … read more
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What is the ratio debt to income to meet chapt 7 bankruptcy
What is the ratio debt to income to meet chapt 7 bankruptcy measures in Texas. We would like to keep our house, 10 yr old Yukon and 5yr old jeep. Cars paid for, house purchased 2003 $187500 still owe … read more
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We need to file for bankruptcy. We are both 67 yrs old. We
We need to file for bankruptcy. We are both 67 yrs old. We have more money going out each month than we have coming in. We are going to just walk away and give our house back to the bank. How can we g… read more
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My parents are currently living in an assisted living facility
My parents are currently living in an assisted living facility in medicaid pending status. They are still be harrassed by creditors for unpaid credit card debt. Some of the creditors have filed judgme… read more
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J.D.
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I cosigned a credit card and recently found out that it is
I cosigned a credit card and recently found out that it is in default and the balance owed is over 20,000.00. I was never made aware of the debt, and being that I cosigned 15 years ago I was stunned t… read more
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Roger
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I just have one more question regarding my dads credit card
I just have one more question regarding my dad's credit card problems. He owes about $6000 on his Discover card & what he's thinking now is that he will just continue to pay all of his other credit ca… read more
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cfortunato
J.D.
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I will be 65 in June 2011. I currenly have 90K in credit card
I will be 65 in June 2011. I currenly have 90K in credit card debt, and 94K in mortgages. My home is worthy about 125K. I have no other assests execpt personal belongings, and I own a 2007 Toyota Coro… read more
Ellen
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We are under water on our home (about $32,000, plus a $21,000
We are under water on our home (about $32,000, plus a $21,000 second mortgage) and have about $80,000 in credit card and other non secured loans. We want out of the home as there are only two of us an… read more
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I am considering Chapter 7 bankruptcy after I retire in ten
I am considering Chapter 7 bankruptcy after I retire in ten months.Currently have 90 k in credit card debt, and 97k in home mortgage. Home is worth 125k. Current salary 157 k per year. After retiremen… read more
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cfortunato
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I am 62 years old and have about $15,000 is credit card debt.
I am 62 years old and have about $15,000 is credit card debt. I have cancelled both cards and had one interest rate reduced to 0. Still I am not able to make a substantial dent in my debt. I fear for … read more
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i have a lot of credit card debt and i can not keep up anymore,
i have a lot of credit card debt and i can not keep up anymore, but my income is from two rental properties I have and i want to keep the home I live in, is there any kind of bankruptcy i can do… read more
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cfortunato
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Hi, I work for the state of California and they are taking
Hi, I work for the state of California and they are taking 10% from every state employee so I am upside down for my monthy payments. Bring home is around $4960 and bills around $5180. My house is wort… read more
Terry L.
Terry L.
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Doctoral Degree
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This question is difficult...My permanent residency is florida...
This question is difficult...My permanent residency is florida...I have moved back to georgia but have not changed my residency. My home in florida is in foreclosure and due to financial losses I can … read more
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Ellen
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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