The past 18 months has been a nightmare for us. My husband is the main wage earner for our family, as I can only work part time because I take care of my disabled adult daughter(who has had 3 surgeries in the past 18 months). I earn less than $300 per month. My husband is self employed and his income had dropped considerably over the past year and we have relied on credit cards to help get by. Now we have about $40,000 in debt and haven't been able to pay on several of our cards in some time. We are also in the process of qualifying for the government backed home loan modification program. My question is if he files for ch 7 (most of the cc debt is in his name) will they come after me for the debt even though I make less than $300 a month, and how will it affect our home loan modification application?
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He can file without you which would save your credit. If you have debt too, you may want to file together. -
Unfortunately, I can't file because I did a ch 7 back in 03 after a nasty divorce. I do have a some cc debt in my name, but If he can discharge his debt without hurting me we can manage the debt I have.Comment
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