Legal Question in Bankruptcy in Massachusetts

New house, tons of debt

I 've been separated from my husband for a couple years and already been to court w/my attny to expedite div proceedings (my attny is a very good div lawyer but not a bankruptcy expert) To make a long (and pathetic) story short, it doesn't seem like I'm going to get any child support any time soon or any significant amt. I make abt $55,000/yr as an educator for the WPS. Just bought a house and w/pmts of $1800/mo and being the only parent supporting our 8 yr old son, I can't seem to make ends meet. Thanks to my no good hsbnd, I have accumulated a lot of debt, $25,000, all under my name. I also have other expenses that I pay on a monthly basis that I need to keep (like before & after school care, $400/mo, etc.) bcse I get no help from my ex or his family. My savings are long gone. All I have left is my brand new house (closing date is scheduled to be 12/28), my 2001 Audi (all paid for) and my retirement acct that I (neither my soon to be ex) can touch until I retire in abt 20 yrs! what can I do? I don't want to put my house at risk but I can't live like this. The stress is killing me & I don't want it to affect my son. Can I pick and choose what I can pay/have dismissed? I've no idea how the bakrtcy laws in Mass work. Pls help!


Asked on 12/12/07, 7:14 pm

1 Answer from Attorneys
Taylor Greene Taylor A. Greene, Attorney at Law

Re: New house, tons of debt

You've come to the right place: the bankruptcy laws are designed to allow people to keep essential assets like home, car and retirement funds. That pesky credit card debt, on the other hand, can be discharged.

Let's talk some more. Please contact me at your earliest convenience to schedule an appointment,

thanks.

Taylor Greene

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Answered on 12/13/07, 10:12 am


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