Legal Question in Bankruptcy in California

please help chapter 7 question commercial

HI,

i am so confused by all these lawyers i have gotten so many different tales, i need help... please, so lets get to it.

me and my wife have a cemmercial property that we purchased two years a go ( peak time) for $1,100,000 now the propert is worth $900,000, my loan is $860,000 first and $110,000 second, so upside down. i also have my house which $650,000 the first and $190,000 second and the property is woth $640,000 now. my question or i should say my request is to keep my commercial building and my house and eliminate all debt if possible. is this possible? also i heard that the second in my house would get wiped out, is this true? i lost over $300000 in two bussiness i started in my commercial and finaly gave up, now it is leased out and it is covering its expense, how can i keep this ? just finally i am able to pay the mortgage on time on my commercial. please help ohh befor i forget i also have a one bedroom apatment in san diego which is in a prosses of short sale, how can i or my @##@#@$ lawyer persuade the court to keep myt house nad commrcial?

thank you so much in advance.


Asked on 6/10/08, 10:42 am

1 Answer from Attorneys
David Gibbs The Gibbs Law Firm, APC

Re: please help chapter 7 question commercial

From your question, it sounds like you are represented by counsel, and as such, I am not in a position to answer your questions, or interfere with that relationship. If you do not feel that your attorney is handling your matter properly, I suggest that you contact another Bankruptcy attorney in San Diego for a consultation. Sorry I cannot be of more help, but my firm has a strict policy about getting involved with clients already represented by counsel in a pending matter. I wish you good luck.

*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.

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Answered on 6/19/08, 12:29 pm


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