Legal Question in Bankruptcy in New Jersey

I dont want to sell our house

We are in dept of $200.000 in credit cards, we have never defaulted on any of our payments but it is becoming impossible, we own a house which is worth $300.000 but we have 1st & 2nd morgage for $225.000. We need to declare bankruphcy but I dont want to loose our house. The question is can we not loose the house???


Asked on 5/21/07, 12:54 pm

2 Answers from Attorneys
Glenn Brown Real World Law, P.C.

Re: I dont want to sell our house

You need to sit down with a bankruptcy attorney and examine all the numbers, including income and monthly expenses.

After the analysis a recomendation will be made.

If we can help let us know.

Services at a reasonable fee.

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Answered on 5/21/07, 1:11 pm
Robert Davies The Davies Law Firm, P.A.

Re: I dont want to sell our house

You have a lousy situation. You need a smart bankruptcy attorney.

I do not do this kind of work. I know some smart lawyers who do. Call me if you like.

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Answered on 5/21/07, 1:50 pm


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