Should I consider Personal Bankruptcy? What are the ramification of doing so?

From the information you provided, it appears that you would benefit greatly from having your credit card debt discharged through bankruptcy. That...

WIsh I didn't need to consider chapter 7 but I wonder if thats my best option. I'm 61, husband is 70. We both lost good jobs

Seems like Chapter 7 would really help you get a badly needed fresh start, but more information is needed to make a definite decision. I would be...

Mr. Egner's response is right on the money. List all assets and debts in your bankruptcy proceeding. If you still have matrimonial obligations,...

We are retired & get 1 pension,1disability pension both ss .we own 2 homes 400,000 .& 200.000 .approximate value.

Your situation is much too complicated to answer online. While you are entitled to certain exemptions which would allow you to save your property,...

I have filed chapter 7 how long do i have before i have to move

Let me caution you that while previously it took years, it is now possible to have a foreclosure completed in about 8 months from the date of the...

I'm filing for chapter 7 bankruptcy. Will my filing affect my student loan cosigners credit report if I continue to pay on time?

It should not affect your co-signer. Sometimes, however, a co-debtor's credit report will indicate that another responsible party filed...

I am filing chapter 7 bankruptcy. For 8 months I've been borrowing and paying for my mother's car. Do I include it as an asset?

Neither the debt (the car loan) nor the asset (the car) should be listed on your bankruptcy petition as you are not contractually obligated to pay...

Can I file Chapter 7?

My office is in the Bayshore area that was hit hard by Hurricane Sandy. Many of my clients are "walking away" from their homes and so I have a lot...

"Can you provide my direction to a good bankruptcy lawyer not too expensive in Central NJ?"

I concur with everything my esteemed colleague, Mr. Truesdale, said. I too, have a dedicated bankruptcy practice for 30 years, but right near you,...

Debt Collection: Can a court order to levy my household goods be obtained by a court officer if I do not own my home?

Yes, they can levy on the household goods that are actually yours. Typically a creditor does this as a scare tactic, since there is little, if...