Legal Question in Bankruptcy in California

property and bankruptcy

Situation from hell, please help.

My ex who I divorced 7 years ago won the case of lowering alimony .

My income was reduced from 3000/month to 1750.

Fighting with the ''modification'' took 1.5 year and over 60k in legal fees. I have close to 80k credit card debt.

I live in condo (California), which was bought in 1996 for 89k and now market value is over 500k.

Ex pays the loan, court order from original divorce. Due to complex QCD history I own 93% of condo, but ex name is on the title and he owns 7%. I can not take a loan against condo (ex name on it) .

If I go for bankruptcy am I going to loose my home ?

I am begging for help, I was completely riped off by corrupted lawyers, the judge and ex wants to put me on the street .

Ex makes 150k/year tax free, we were married 28 years and $3000/month was an greement -contract between us . Please tell me were to go for help . All this happened in another state, not California. ( we were divorced in another state)

How to avoid the sell of the condo, is the debt consolidation an option ?

please help

eva


Asked on 4/24/07, 12:05 am

1 Answer from Attorneys
Amy Ghosh Law Offices of Amy Ghosh

Re: property and bankruptcy

If you go for chapter 7 trustee will liquidate your asset but if you go for chapter 13 you would keep the house. You need a comprehensive consultation.

Read more
Answered on 4/24/07, 1:50 am


Related Questions & Answers

More Bankruptcy Law questions and answers in California