Legal Question in Bankruptcy in California

Bankruptcy

we are finding after a few lean years we are needing debt relief with some obligations being under

an 'INC' business and others under our personal..not enough equity in our home...is Chapter 7 the best way? We are talking about $175,000....any advise? It makes me sick to think we have to go this route as we have maintained excellent credit for over 20 years..


Asked on 5/28/07, 4:46 pm

3 Answers from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Bankruptcy

Of course, a lawyer would need more information to steer you in the right direction. Feel free to e-mail me, or call on Tuesday.

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Answered on 5/28/07, 5:14 pm
Amy Ghosh Law Offices of Amy Ghosh

Re: Bankruptcy

If you do chapter 7 you can lose your house. If you do chapter 13..you can do payment but need to have enough income to make payment on the confirmed plan.

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Answered on 5/28/07, 5:32 pm
Charles Shamash Caceres & Shamash, LLP

Re: Bankruptcy

Unfortunately like many to really answer your question, more data is needed. However seeking relief and getting a fresh start may be a good option for you. Feel free to call or email me.

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Answered on 5/28/07, 6:09 pm


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