Legal Question in Bankruptcy in California
Bancruptcy
Son owns a home, divorced, one child, fired from job, no unemploy-ment income. Can he file bancruptcy including house $170,000 , a 2nd mortgage about $100,000, and 2 credits cards = $8,000? How much is legal fee?
3 Answers from Attorneys
Re: Bancruptcy
One cannot provide you with a definitive "yea" or "nay" based upon this sketchy information. Depending on whether house payments are current, ability to continue paying, and intentions regarding keeping the house, etc., all are part of the mix. Feel free to contact me directly with further details.
Re: Bancruptcy
The fee will be dependent on looking at the total picture and deciding under what Chapter your son must file. You should consult an Attorney to get a real definitive answer.
Re: Bancruptcy
We need more information to answer your question: Does he have more than 50% custody? What is the house worth? Does he want to keep it? How long unemployed and how much did he make before?
Yes, he can file bankruptcy ... whether a Chapter 7 or 13 depends on the answers.
Related Questions & Answers
-
Judgement in a fraud case If I were to win a judgment in a fraud case and the... Asked 10/10/07, 1:54 am in United States California Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
