More details to this question:
I owe about $12,000 in credit and $170,000 in mortgage, plus medical unknown amount and I have been furlough from my company.
10 ANSWERS
bankruptcy Attorney serving Paul, ID
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Paul N. J. Ross Law, PLLC
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The idea is that virtually everyone can file bankruptcy, it is just what chapter and whether it is in your best interests. With the limited information you provided, it sounds like bankruptcy would be a good fit but there are always more relevant facts. Visit with an attorney to see what fits your exact circumstances.
Answered on Jul 25th, 2013 at 12:28 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Most probably yes, the question is whether or not it is the best alternative available.
Answered on Jul 25th, 2013 at 12:28 AM
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It is important that you determine the appropriate chapter 7 or 13 based upon your circumstances. You should meet with an experienced bankruptcy attorney. Most attorneys offer free consultations and affordable payment plans.
Answered on Jul 25th, 2013 at 12:28 AM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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The short answer is yes you can and I recommend you seek out good counsel.
Answered on Jul 25th, 2013 at 12:27 AM
Chapter 7 Bankruptcy Attorney serving Appleton, WI
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Sisson & Kachinsky Law Offices
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You have to do what is called a "means test" to see if are appropriate for bankruptcy.
Answered on Jul 25th, 2013 at 12:27 AM
General Law Attorney serving Cherry Hill, NJ
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Mark S. Cherry, Attorney at Law, PC
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You should consult with a bankruptcy attorney.
Answered on Jul 25th, 2013 at 12:27 AM
I would need to know a lot more to be able to advise you. Filing bankruptcy is a serious decision. After paying your living expenses, including your mortgage, how much money do you have left over to put towards paying debts?
Answered on Jul 25th, 2013 at 12:27 AM
Bankruptcy Attorney serving Florissant, MO
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Law Offices of Thomas Corcoran Phipps
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If you want to keep the house you can file a chapter 7 repayment plan. You will have to have income to make monthly plan payments to the court. If you want to surrender the house, you can file a chapter 7.
Answered on Jul 25th, 2013 at 12:27 AM
Personal Injury Attorney serving Glendale, CA
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JT Legal Group
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It's not just whether you can file for bankruptcy. It's also whether bk is the right decision, what kind of bk to file, etc. All of this depends on other factors like if you want to keep your home, debt to equity ratio of your home, payments compared to money you make etc. You really need to come in and talk to a professional.
Answered on Jul 25th, 2013 at 12:27 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step.
Answered on Jul 25th, 2013 at 12:26 AM