One want's bankruptcy one want the house

You didn't give may facts to go on, but as the prior answers said one spouse may file bankruptcy separately. However, that would be desirable only...

My husband and I have defaulted on 3 rental property loans (1 conventional, and 2 HELOC). Can we walk away or will we be sued?

The prior answer is correct. And you may well be correct that a Chapter 13 would be appropriate for you, but you may not have to pay the full...

You have no absolute right to dismiss a Chapter 7 case. Filing a Chapter 7 is sort of like jumping into the deep end of the pool. Get yourself a...

Could the remainder of the homestead exemption be used on another property under Section 704?

No, you can't use the remainder of the California homestead exemption on another property under Section 704. About your qualification for the...

I have decided to close my no asset S Corp. I am filing chapter 7. Before or After that is the question??????

I agree with the prior answer that it doesn't matter. Of course keep good records of any bank account closings, etc., and where that money went....

I visited with 3 attorneys, I qualify for Chapter 7 and passed the means test. However, am I really a household of 1??

There is a continuing issue of how you determine the size of the "household" when selecting the applicable official median income for your state...

If home value is 200K under mortgage loan, does difference count as unsecured debt when filing for Chap 13 in San Diego, CA?

With the limited facts presented, I'll assume that your mortgage loan was taken fully taken for the purpose of purchasing your home and that you've...

I have over 160k in credit card debt! Personal/business. Cash adv & purchases. I stopped using my credit in August '10.

I'm very disappointed to see spammers answering questions on Avvo. Mike Kohl posted a long "answer" extolling the benefits of "a unique method that...

You didn't say if your business is a corporation of some sort of a sole proprietorship. If the latter, there is only one entity, you (and...

Can I sell my equipment in my restaurant before I file a personal Bankruptcy?

I agree with both prior answers except the part about it being better to allow the trustee to sell assets. That's like letting the fox sell your...