My husband and I spoke with a bankruptcy attorney last summer, there was an issue with a loan paid back to my mother, so we waited a year.
We retained him this fall. Having been unemployed for almost 2 years, with a short time back to work (3 months) then laid off again.
Basically dinged the unemployment 200 less per week. We were paying our mortgage and car payment until then.
But since June we have not been able to pay for the mortgage, even with unemployment and side jobs, we’re just making car payments, keeping basics, and looking for work.
So I gathered the information for ch7 filing, and presented to attorney. Now my husband’s job called him back, and the attorney says we have to file ch13 for 2 reasons, 1. if we want to keep the house, and 2. because his income will be too high for ch7.
My question is this….should we continue with the bankruptcy which includes 2 judgements/liens on the home from credit cards, as well as several other debts totally about 69k. Or should we try to negotiate with all these collectors and keep bankruptcy off our record?