I have a question about filing. My husband and I have over 60,000 worth of unsecured debt. We also own a home, have an equity loan and a car payment. We are not behind on any payments, however, I am finding it very hard to keep up with everything. Can we file for bankruptcy without losing our home or car? We can and will maintain mortgage, equity and car payments.
1 Answer from Attorneys
You need to consult a bankruptcy attorney, whether you can keep the home and car depends on whether there is any equity in either piece of property. if you have equity a chapter 7 would not be a good idea, but a chapter 13 could provide you some relief, as I don't know the details of your situation I cannot give you a more definitive answer, but a consultation with a bankruptcy attorney will give you the answers you need.