Bankruptcy To Keep Your House
Bankruptcy or keep on going?
Hi, This is the situation. I have more than 80k en unsecured debt, the price of my house is in the toilet, droped 140 k in price, and the HOA’s fees have increased a lot making it impossible for me to keep the house, I’ll let it go into foreclosure.
Should I attempt to settle my credit cards or just file for bankruptcy. I qualify for a chapter 7, but everybody says that one should avoid this option. What would be your recommendation.
Thanks
Boy, are you in a mess – sorry I had to say that.
Your first step needs to be – get a good book on debt/credit repair.
Look in the library or bookstore under the finance section and look for books titled debt management or credit repair.
These books tell you how to settle, negotiate, or lower interest rates.
They are worth their weight in gold.
Wow 80K is a lot.
Also get a book on bankruptcy.
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Personal Bankruptcy – Keep Your House and Car
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