Legal Question in Bankruptcy in Georgia

Forclosure/Bankrupcy Question

If my house gets foreclosed on, do I go

into bankruptcy? House has 1.1 million

in debt but worth more than balence

owed.


Asked on 1/26/09, 9:13 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Forclosure/Bankrupcy Question

You go into bankruptcy because you need to, based on all facts - which you did not, and could not, post. See a qualified bankruptcy lawyer BEFORE the foreclosure. In Georgia, after a foreclosure sale the house is generally gone for good, as is the equity.

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Answered on 1/26/09, 9:17 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Forclosure/Bankrupcy Question

Without detailed financial information, no one can determine your options. You need to meet with a lawyer. If you are in metro Atlanta, get a free worksheet at www.glenashman.com and I'd be glad to review it, and your options, with you.

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Answered on 1/26/09, 11:01 pm


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