Posted on: 19th Jul, 2012 01:31 am
I have many delinquent medical accounts due to cancer treatments and also some credit card debts. CC accounts total around 15 for maybe $35k. Medical accounts maybe 10 for $10k. CC accounts are coming up on 3-3.5 years old...medical accounts about a year and a half old. Now...what makes my case unusual is I have my home loan thru a limited partnership from a trust my grandparents set up so I show that I own my house outright...and have some equity in the limited partnership. So my question is how would I go about filing BK? I need to file bk as I have been sued by my credit card company.
hi vandetta,
you can file bankruptcy if you cannot pay off your debts any longer. but it should be noted that filing bankruptcy should be your last option in order to get rid of the debts. as far as your assets are concerned, you will have to list all your assets including your home. the trustee may sell off the property in order to repay your creditors.
thanks,
jerry
you can file bankruptcy if you cannot pay off your debts any longer. but it should be noted that filing bankruptcy should be your last option in order to get rid of the debts. as far as your assets are concerned, you will have to list all your assets including your home. the trustee may sell off the property in order to repay your creditors.
thanks,
jerry
Welcome Vandetta,
You can find all the information about filing bankruptcy from the given page: http://www.mortgagefit.com/know-how/filebankruptcy.html
You can find all the information about filing bankruptcy from the given page: http://www.mortgagefit.com/know-how/filebankruptcy.html
