Can we file FOR BANKRUPCY & keep the house?
Question Details: Our imcome is $4600 month, 1st & 2nd mortgage upside down $230k. 1ST MORTGAGE IS INTERST ONLY FOR ANOTHER 2 YRS, LOAN WILL ADJUST ONCE AT CURRENT MARKET RATE FOR 30 YRS. 2ND MORTGAGE HAS A FIX RATE FOR 15 YRS, WE ARE 3 MONTHS BEHIND ON THE 2ND & CURRENT IN ALL THE OTHER PAYMENTS, INCLUDING THE 1ST MORTGAGE. Credit card debt $100k, TOTAL EXPENSES INCLUDING HOUSE, ONE CAR, CREDIT CARDS & UTILITIES PAYMENTS ARE ABOUT $6500. WE HAVE NO ASSETS, NO SAVINGS, EVERYTHING IS MAX OUT. THANKS.
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Unfortunately, your situation is beyond the scope of this service. You need to consult with an attorney in your area to adequately address the case. If you need help in finding one you can refer to www.AttorneyPages.com.
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