Personal Bankruptcy Backruptcy

[Angelene]

I have over $200,000 in mortgage, second morgage and credit card debts and my house is for sale for $180,000 but wont sell because of massive economic layoffs in our area. Should I file Chapter 7 bankruptcy and foreclose on my house? It has been on the market for almost 2 years. I am also recently unemployed and cannot afford the payments anymore.

 

[jvtree]

Originally posted by Angelene
I have over $200,000 in mortgage, second morgage and credit card debts and my house is for sale for $180,000 but wont sell because of massive economic layoffs in our area. Should I file Chapter 7 bankruptcy and foreclose on my house? It has been on the market for almost 2 years. I am also recently unemployed and cannot afford the payments anymore.

Please contact me with the financial status of your home, I might be able to help you
Mike Weller