Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hello,So sorry to hear of this dilemma. If my answer is not clear to you, please ask me for clarification by using the reply button.
How much equity do you have in your house?
Hello,You may want to consider a chapter 7 bankruptcy. I will explain.A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards, judgments and personal loans. It would be an opportunity for a fresh financial start. However, you may have to surrender assets, if any, that exceed your exemption.Here are the exemptions for MS:http://www.bankruptcyinformation.com/MS_exemp.htm