Posted on: 05th Jan, 2012 12:47 am
I owe about 37k in CC debt, and 7k in medical debt. The CC debt is from 2008 whereas I incurred the medical debts in 2010. I think my best option will be to file bankruptcy. Apart from this, I am also getting divorced. But the concerning part is that I am a member of a Limited Partnership. I have a house that I built with funds from this partnership and I repay it as a mortgage payment. Now, the house is not worth as much as I have borrowed from my LP on it. Now, how will my BK be received? I am assuming I should do it after filing for Divorce so it's a cleaner BK. Am I right?
Hi Nita,
You can include that mortgage in your bankruptcy filing and list the property as your asset. You should contact a bankruptcy attorney and discuss your situation with him. He/she will guide you whether you should file bankruptcy before or after your divorce.
Take care
You can include that mortgage in your bankruptcy filing and list the property as your asset. You should contact a bankruptcy attorney and discuss your situation with him. He/she will guide you whether you should file bankruptcy before or after your divorce.
Take care