Georgia  |  Bankruptcy

Legal Question

Asked on: 7/29/02, 11:49 am

Qualification for Chapter 7

I am considering chapt. 7. My husband and I have a joint income of approx. 60k. We have 50k in--name removed---name removed-- debt, a mobile home with 30k negative equity, 2 vehicles (1 is one yr. old and the other 5k in negative equity). I am absolutely scared to death.....We have no assets. I have responsibility for my sick father that requires a 300 mi. commute daily. With our income and bills, most of which are pertaining to vehicle maintenance (unprovable), and normal living expenses with two children, will I qualify for Chapter 7? Please help.

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