QUESTION
Can I file for bankruptcy given our situation?
Asked on Sep 26th, 2012 on Bankruptcy - Kansas
More details to this question:
Due to job loss and underemployment we are about to have a mobile home repossessed along with about $30,000.00 in credit card debt and our debt is over a $1,000.00 dollars more a month than we bring in not counting food, gas etc.
14 ANSWERS
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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You can read the pamphlet about chapter 7 bankruptcy which is available for download at my website.
Answered on Jul 17th, 2013 at 2:27 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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You are probably a good candidate for bankruptcy.
Answered on Jul 17th, 2013 at 2:23 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Yes, it appears bankruptcy may be an option.
Answered on Jul 17th, 2013 at 2:15 AM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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As a NJ attorney, I believe that you would qualify. More details would have to be given to determine.
Answered on Jun 12th, 2013 at 1:14 AM
Bankruptcy Attorney serving Buford, GA
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Kenneth A. Parker, PC
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You may be the perfect candidate to file a chapter 7 bankruptcy case.
Answered on Jun 12th, 2013 at 1:13 AM
Bankruptcy Law Attorney serving Austin, TX
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Law Office of Susan G. Taylor
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Sounds like bankruptcy is a good option for you at this time.
Answered on Oct 08th, 2012 at 1:43 PM
Litigation Attorney serving San Antonio, TX
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Graves Law Firm
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You're probably eligible for Chapter 7 bankruptcy, which can wipe out your unsecured debt. See a bankruptcy lawyer.
Answered on Sep 28th, 2012 at 2:51 PM
Bankruptcy Attorney serving Atlanta, GA
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Jakob-Barnes Law Firm, LLC
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There are a lot of factors that go into determining whether bankruptcy is a good option. I would suggest meeting with an experienced attorney.
Answered on Sep 28th, 2012 at 2:45 PM
Given your situation, I think it makes sense to consider filing for bankruptcy. Whenever your expenses outrun your income, trouble is coming. Bankruptcy can put you back on track by eliminating medical and credit card debt (among others).
Answered on Sep 28th, 2012 at 9:53 AM
William H. Von Willer
There is a possibility that you could file, however, a lot of other information is necessary before a good answer can be given. When deciding on bankruptcy all of your assets, all of your debts, your income, and expenses all have a part to play. You need to speak with a bankruptcy practitioner and provide the information to that person.
Answered on Sep 28th, 2012 at 9:50 AM
Bankruptcy Attorney serving Myrtle Beach, SC
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Law Office of Margaret L. Evans, PC
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You MIGHT be able to save the mobile home in a Chapter 13 bankruptcy by paying the arrearage (past due payments) through the Plan, if you have enough DMI (disposable monthly income) to support a confirmable plan. You need to act IMMEDIATELY and don't wait until the home is sold at foreclosure because a bankruptcy can't help you save the home AFTER its been sold at foreclosure. You can still get rid of the credit card debt, too.*
Answered on Sep 28th, 2012 at 9:42 AM
Criminal Law Attorney serving Fremont, CA
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Steven J. Alpers, A Professional Corporation
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Yes. talk to a lawyer.
Answered on Sep 27th, 2012 at 6:30 PM
Bankruptcy Attorney serving Bellevue, WA
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Wild Sky Law Group, PLLC
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It certainly sounds like you would qualify for bankruptcy relief, based on your income and your debts. Whether or not it could save your mobile home from repossession would need to be explored with more specific facts by an attorney.
Answered on Sep 27th, 2012 at 6:01 PM
Bankruptcy Attorney serving Overland Park, KS
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The Smalley Law Firm, LLC
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Yes, you should be eligible for bankruptcy.
Answered on Sep 27th, 2012 at 5:51 PM