Michigan  |  Bankruptcy

Legal Question

Asked on: 9/16/13, 8:05 am

My father is considering bankruptcy. Here is some background info:

Age: 62

Job: Unemployed

Marital Status: Married (wife just filed for Divorce though)

Outstanding Debt:

• Doctor Bills: 5,000

• Credit Bills: 60,000

• Mortgage: 110,000


• Home: 40,000 to 80,000 in equity

• Car: 2,000

Other info:

• Wife is Disabled

• Wife just filed for divorce (she was tired of being poor….)

• Much of the credit card debt was due to wife’s illness and needing to take on additional debt to pay for medical insurance, etc.

• He cannot afford his home and has borrowed about 20k from family members in the last 2/3 years to pay his bills (this is not included in the above mentioned debt).


Should he sell the house now given the situation with the divorce or will it reflect poorly with a potential bankruptcy filing?

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