Insurance settlement Personal Bankruptcy

I suggest you speak with two or three California LICENSED bankruptcy attorney near you.

Your situation is far too complicated to say yes or no without asking more questions, and doing research.

See or call those attorneys today, or ASAP.

Don't rely on anonymous internet information to make IMPORTANT decisions.

In addition, the sale of your home could also cause you difficulty, depending on how long before the BK you sold the home.

 

Betsy, talk to a bankruptcy attorney before you make any decisions that might get you trouble.

It's possible that you might not qualify for Chapter 7 which leaves you with Chapter 13 where you get to pay your debts over a 3 to 5 year period, perhaps in discounted amounts.

You might want to consider using the $200,000 that you realize from the sale of your home to pay the $60,000 in credit card debts and then buy a much lower cost mobile home, saving some cash to put aside, while getting your personal property claim paid.

 

I agree with Adjusterjack. If you have $200,000 you should pay your credit card debt.