I am a real estate investor and was hurt by downturn. I make good money but due to excessive debt I feel tht I m on a treadmill. My wife was not working when I accrued this debt, is he immune. We file joint income taxes
Consumer Protection Attorney
You should talk to a bankruptcy attorney before doing so. If you stop paying, they will eventually obtain judgments against you, and then they can garnish your wages and any other assets in your own name. It doesn't sound like your wife is personally liable for the debt in question, so they could not go after her separate assets, if she has any.
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Landlord / Tenant Lawyer
Your creditors will eventually get judgments against you and, since it appears you are not collection proof, they will attempt to collect your assets and garnish your wages. Depending on your debts and assets, bankruptcy may be an option.
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