QUESTION
If your home is also rental property and major income, is it possible to keep but, still declare bankruptsy?
Asked on May 02nd, 2012 on Bankruptcy - Missouri
More details to this question:
This would be due to a very heavy load of credit card debt but, each card has a low interest rate. Due also to sudden illness where not allowed to continue to work which has supplied the money to pay debt.
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
Yes, it's possible but it depends on a number of different factors, including the exact numbers involved, your income, expenses, equity in the property, which Chapter you file, etc.
You need to have a consultation with a bankruptcy attorney in your area for more details.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
bankruptcy blog: http://www.bklaw.com/bankruptcy-blog/
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Answered on May 02nd, 2012 at 2:04 PM