QUESTION
Is bankruptcy and option when I have investments and some assets like cars and motorcycles
Asked on Oct 29th, 2013 on Bankruptcy - Pennsylvania
More details to this question:
Hello, I just wanted to know if bankruptcy was an option if I have a fair amount of investments and assets such as a few cars and motorcycles. Years ago I was targeted by countrywide while my credit was bad and was sold a worthless house that was appraised at $90,000. While divorcing from my wife she wanted to keep the house & was ordered to pay prompt payments, up keep the house, and get the loan out of my name and into hers and she got the deed. Instead while I was away in the military for years she didn't make payments ruined the house and now is in foreclosure and only my credit is ruined. I do not want to pay another cent toward this scam. I don't know what to do other then try to hide all my assets
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
Bankruptcy is always an option to consider. The question is WHICH chapter of bankruptcy are you eligible for and would be most beneficial to you. The only way to know the answer to that is to have a consultation with an experienced bankruptcy attorney in your area.
You can keep all your assets in a Chapter 13 or Chapter 11 case, so those are always potential options.
Mark Markus has been practicing exclusively bankruptcy law in California since 1991. He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization, AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.
Answered on Oct 29th, 2013 at 7:28 PM