chapter 13 with two houses
Date: Fri, 03/14/2008 - 21:23
Hello I really need some advice , very confused here.
i have two homes one i have been trying to sale for quite a while with no luck. It has forced us into a corner and we MUST unload some debt. My wife has a large car payment and several other debts just in her name. So we are planning on just her filing for now to help free up some money. My biggest question is about items that are just in my name such as several motorcycles, Atv"s etc. Can the court force me to sale these if they are not in her name. The all have loans on them and all are worth less than the loan amount?.
Plan B for us is if things get really bad with the second home I will then file A CH 13. If i do file a CH 13 are you only able to keep your car and home? what i am asking is if i have enough income can we keep our motorcycle debts and put them in the ch 13 repayment, or is this not allowed.
thanks for any info
i have two homes one i have been trying to sale for quite a while with no luck. It has forced us into a corner and we MUST unload some debt. My wife has a large car payment and several other debts just in her name. So we are planning on just her filing for now to help free up some money. My biggest question is about items that are just in my name such as several motorcycles, Atv"s etc. Can the court force me to sale these if they are not in her name. The all have loans on them and all are worth less than the loan amount?.
Plan B for us is if things get really bad with the second home I will then file A CH 13. If i do file a CH 13 are you only able to keep your car and home? what i am asking is if i have enough income can we keep our motorcycle debts and put them in the ch 13 repayment, or is this not allowed.
thanks for any info
forgot to mention , the second home will be discharged by her, a
forgot to mention , the second home will be discharged by her, and i am working with the bank to do a quick sale.but may also have to discharge it if i still cant sale it
Bankruptcy should be the last resort for settling your debts. Bu
Bankruptcy should be the last resort for settling your debts. But before going for bankruptcy you should consider the other alternatives (debt settlement/debt consolidation) available to come out of the debt trap.
Are you sure that you can't opt for any of these alternative methods?
not sure but i would have to refinance about 165000 of already l
not sure but i would have to refinance about 165000 of already low intrest loans. the only way that could help is if it was over 10 to 15 years.