QUESTION
Should I file for bankruptcy after a nasty divorce?
Asked on Jun 07th, 2013 on Bankruptcy - Arkansas
More details to this question:
I was divorced after 24 yrs and have only a minimum wage income. My ex and his attorney keep hounding me for money I don'[t have. I just recently moved to Arkansas and used my share of 401 K money to purchase house here near my elderly parents. Can I keep it? I need my car for work, can I keep it? I was given the home in Illinois with $36k worth of debt that I cannot afford. The bank is making my ex pay the mortgage. I need to get out from this debt. What should I do?
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
There is no way to advise you, or anyone else, on whether to file a bankruptcy case and what the ramifications may be in a given case without having a comprehensive consultation to go over all the relevant facts. What you are doing here is the equivalent of e-mailing a doctor, saying your head hurts and asking them if you should have surgery.
Whether you can keep your home or not depends on its value, the amount of equity, and the exemptions available under applicable laws in your situation.
You need to consult with an experienced bankruptcy attorney in your area. Most offer free initial consultations.
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 Jun 07th, 2013 at 6:58 PM