I have written a two part legal guide on this very topic, called Now or Later, containing the top 10 reasons to file now and the top 10 reasons to file later. The link below is to my entire legal guides, so scroll through to find these two articles. Hope this perspective helps!
Hire an attorney to review this matter. It is impossible to give you a credible answering without knowing all your financial circumstances.
The answers given are limited to the facts as given and presumed by the answer itself. Without seeing actual written documentation or having a conference to more fully explore the issues, this short answer has only limited application. Make sure to seek legal counsel and provide all documentation to get assistance in making informed legal choices. Bstein@dcfsz.com, 305 377 1505
A consultation with a bankruptcy attorney is confidential and typically free. We understand that people are scared and have many concerns so we are here to answer your questions. Whether you will achieve your goals through bankruptcy now or later will depend on answers to specific questions about your assets, debts, income. Don't be afraid to pick up the phone and call a local attorney in your area to discuss the details of your situation.
If you are trying to retain the property, you need to contact a local bankruptcy attorney ASAP. If you are okay with losing the property to foreclosure, there is less urgency, but you should still contact a local bankruptcy attorney to determine whether you are eligible for Chapter 7 and whether it makes sense for you to file in the near future given your particular circumstances.
If you are really on the fence about filing now versus filing later, then no attorney can advise you without examining your assets, liabilities and other financial information more closely.
The hiring of a lawyer is an important decision that should not be based solely upon any single source of information, including advertising on any Web sites or answers to questions posed on Avvo.com. You may ask us to send you additional information about us, and we urge you to review other sources of information about our primary practice areas.