“Dear Steve,
My husband and I opened a business we did all the remodel and inventory licences etc all on unsecured credit cards. I know this was a bad idea but we have done this before, however not this large and were able to pay them off. But since business became so bad we were unable to pay our debts. We have unsecured credit card debts of around 270,000.00. We are running late on all of our bills. We do not own a home and we have used up all of our savings.
Last night I received the papers for a lawsuit by one of our credit card companies. I believe that we need now to fille for bankruptcy. I know we will have to find an attorney that will do it pro bono. We probably won’t be able to keep our business since we are also behind on our state board payments. I know that we need to pay them first.
My mother in-law who is 88 had a car accident and needed to replace her car. She had my husband buy the car for her with the insurance money. The car is still in both her name and my husband. Will the bankrupty court try to take her car since it is in both of their names?
Esther”
Dear Esther,
You need to click here to find a local bankruptcy attorney you like. Since the bankruptcy is probably going to be winding up anyway using bankruptcy to tackle all the residual debt is a very logical approach.
It sounds like you’ve made every effort you could to make it work but now it just sounds so far buried that this is probably the end.
The car might present a bit of a problem but the bankruptcy lawyer will help you work through it.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
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