West Lafayette, IN asked in Bankruptcy for Wisconsin

Q: Bankruptcy after selling a home

My husband and I are moving from Indiana to Wisconsin. We sold our house and will net about 50k. He is the only one on the mortgage and the proceeds will go into an account owned only by him. I am on the title to the home we sold. I am in a great deal of debt on my own (none of it is jointly owned). Can I file bankruptcy on my own and how will the sale of the house potentially affect this (even though I've never been on the mortgage)? We planned to pay of his credit cards (much more manageable balances than mine, fix our car, buy furniture, pay moving expenses, and pay rent with the proceeds.)

I signed up for a debt management plan and have been doing that for 2 months but the payments are close to 900 a month and are going to be a challenge to sustain for our employment income.

Related Topics:
1 Lawyer Answer

Bruce Alexander Minnick

Answered

A: This is a very important question the online answer to which may cause irreparable harm to one or both of you. You BOTH should consult a very experienced bankruptcy lawyer in your area before doing anything more than you have already done.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.