When is filing for bankruptcy good option?.

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When is filing for bankruptcy good option?.

I had several credit cards when I was married All in my name. My wife left me and gave me custody of my son. I wasn’t able to pay the credit card debts. This was 12 years ago. I also had a hospital bill for my son in which I believe I have just received a writ of execution for. I’m unemployed and am currently living with parents. I have a vehicle but really no other assets. Would filing for bankruptcy be an option?

Asked on April 7, 2014 under Bankruptcy Law, California

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Based upon what you have written, you seem to be a viable candidate for a bankruptcy filing (Chapter 7) where your liabilities seem to greatly exceed your assets. As such, I suggest that you consult with a bankruptcy attorney in your locality. One can be found on attorneypages.com.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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