Legal Question in Bankruptcy in Florida

foreclosure vs bankruptcy

My husband owns his own business which has struggled since inception. He rarely gets a paid so I have been left for several years to pay a mortgage and 2 persons bills (my debt sky rocketing since I use my credit cards to pay utilities, groceries etc.) but despite my good paying job I have run out of resources...I--name removed--not defaulted and have excellent credit but I'm at the end of the road...do I declare outright bankruptcy or let my house to back to the bank?


Asked on 7/27/08, 11:24 pm

2 Answers from Attorneys
Paul Daley Daley Law

Re: foreclosure vs bankruptcy

Each person's situation is different. You should educate yourself by getting a free consult on bankruptcy and the impact of a foreclosure. Then make the choice that is best for you. Without a lot more facts it is impossible to tell you now what is your best option.

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Answered on 7/28/08, 8:49 am
Thomas Rosenblum Rosenblum Law Offices

Re: foreclosure vs bankruptcy

Hello: I read your question. Only you can decide what you should do. If you want to keep your house, you may want/need to file a chapter 13. If you decide to let the house go, can you pay off the other debts? You may still need to file BR. If my office can be of any assistance in North Fla., please give us a call. Good luck. Tom Rosenblum

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Answered on 7/28/08, 1:41 pm


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