I live in Ca. and we are contemplating bk. We own a condo that is upside down they are selling for about 120,000 and we owe 300,000 our payment is 2000 with the HOA. We have 4 cars of which 3 are paid off on one we owe about 12,000 with a payment of 259 monthly 2 of our cars are driven by our kids they are 23 and 19. Our cc debt is about 60,000. I don't work DH's income is about 4300 take home monthly and we also own a timeshare that we owe about 10000 with payments of about 220 monthly including dues. We are contemplating BK because of an unfortunate incident in our lives. I'm confused about ch 7 and 13. Any input would be great. I'm so confused. Almost forgot we have to leave our home and we can't come back so it's even more frustrating so keeping our home would not be an option we can't even rent it for what we pay in mortgage. My mom about a year ago put my name on her mobile home as the legal owner what would happen to that.
Thanks
Thanks