How to know when all is lost except to file for bankruptcy
Question Details: I am a home builder who has been out of work for 8 months in a small town in GA. We have 2 children cannot find enough sustainable work to keep going, have been through savings and IRA, have only a little cash left, mortgage will work with us, but recently got litigation letter from business Credit card. But the fact remains ar this time no appreciable income . Is bankruptcy the only thing left for us? Need advise
Bankruptcy Law Answers
It may not be the only answer, but it may be a feasible answer. It depends on how many other debts you have and can you pay for the necessities of every day life with what you have, utilities, gas, etc.? If the only problem you are facing at present is the one card, perhaps they will work with you as is the mortgage company. I would suggest that you talk with a bankruptcy attorney who can get more in depth information to see where you need to go.
Related Bankruptcy Questions
Didn't find your answer? Ask.
Top Ranking Attorneys
- Hong Shen203 Answers|Points 10150Gold Contributor
- Joseph Gasparrini43 Answers|Points 2050Bronze Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga66 Answers|Points 3250Bronze Contributor
- Glenn M. Lyon, Esq.23 Answers|Points 1130Bronze Contributor
- Shawn Jackson17 Answers|Points 850Bronze Contributor
- Hong Shen203 Answers|Points 10150Gold Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga66 Answers|Points 3250Bronze Contributor
- Sharon Siegel62 Answers|Points 3090Bronze Contributor
- Michael D. Siegel56 Answers|Points 2750Bronze Contributor
- Paula McGill50 Answers|Points 2500Bronze Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here
More Questions Like This...
 |