Legal Question in Bankruptcy in California

Should I file?

We own a home with a first & second mortgage. Two cars that are over 10 years old. We both work but income has decreased appx. $25,000 per year. We owe appx $30,000 in credit cards. We have appx. $16,000 in stocks & two 401 plans (appx. $43,000) We are over 50. Our credit which was very good is now very slow (bad). Should we file bankruptcy & can we do so and not lose our house?


Asked on 12/26/98, 6:58 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Should I file?

Bankruptcy without losing your home is a definite possibility. Whether you can keep your house or other assets depends on the equity in your home, value of your assets and what exemptions you need to take. If you'd like a free consultation, please visit my web page and give me a call. I will be happy to assist. http://www.bklaw.com/bklaw.

Best Regards,

Mark

(818)509-1173

Mark Markus

Law Office of Mark J. Markus

11684 Ventura Blvd., Ste. 403


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Answered on 1/24/99, 9:35 pm


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