Legal Question in Real Estate Law in Michigan

Is it possible to file for bankruptcy on a condominium (primary residence) and

have several I.R.A. accounts, a 401k plan, and be employed at the same position

with the same salary in Michigan? My mortgage is seriously underwater by about

$55,000 and will be probably for years.


Asked on 4/07/12, 6:59 pm

2 Answer from Attorneys
Thomas R. Morris Silverman & Morris, P.L.L.C.

It may be possible, but I would require additional information in order to evaluate the consequences of a bankruptcy filing.

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Answered on 4/09/12, 5:29 am


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