Legal Question in Bankruptcy in California

Property and Bankruptcy

My credit card is maxed due solely to attorney fees from my divorce and custody battle. My ex owes me $8500 in back support of which the District Attorney is making him pay $107/mo. and I have filed for sanctions of $20,000 due to his deliberate continuances and attempts to run up my attorney fees. I'm contemplating bankruptcy. I have 9 mor car payments left. Can I lose my car? I co-own a house with a friend in which I presently live with our daughter and pay the mortgage. Can I lose the house? Even if it belongs to myself and someone else?


Asked on 7/23/99, 8:56 pm

2 Answers from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Property and Bankruptcy

Not enough is know to answer your question at this point. You really need a detailed analysis of your situation. A lot depends on what kind of equity you have in your home and car. There are also some family law issues that need to be considered. I you like you can call me and I�ll give you a consultation at no charge.

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Answered on 7/26/99, 2:24 pm
Mark Markus Law Office of Mark J. Markus

Re: Property and Bankruptcy

The word "can" is a troublesome word. In any event, usually people can keep their cars and even their house, depending on what equity if any is in each, and what the value of all your assets are, and what other debts you have. Without all that information, I cannot even begin to answer your questions. If you would like a free consultation, please visit my web page and give me a call.

Sincerely,

Mark

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Answered on 7/26/99, 8:59 pm


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