Kenneth L. Sheppard Jr.'s answer It doesn't sound as if the house is your primary residence, so the homestead exemption does not apply. Therefore, if you filed for Chapter 7 bankruptcy, one half of the value of the home is subject to liquidation. On the other hand, if the residence is your primary residence, then the homestead exemption would apply to your one-half interest. Value of the residence would need to be determined to answer the question of whether there is any unprotected equity of your interest.
Timothy Denison's answer If you signed on the car loan, you are still liable to pay for it. The debt is discharged as to your bf, but not as to you. Depends on how much equity is in the car as to whether you should surrender it if you are NOT on the loan.
John Martin Hilla's answer You need to re-discuss your bankruptcy eligibility questions and options with the same lawyer or a different bankruptcy lawyer in your geographic area.
It is important to remember that virtually everyone "qualifies" for one type of bankruptcy or another (Ch 7 vs 13 vs individual 11, etc.). It sounds like you and the lawyer discussed Chapter 7 only. Chapter 13 in particular is always available if you have income flowing in.
The impact of a new vehicle purchase upon a subsequent...
Timothy Denison's answer Find a local competent bankruptcy attorney who can guide you through the process. Do not attempt to do it yourself. They can help you get a fresh start, which is what chapter 7 is designed to do.
Timothy Denison's answer If you don’t make the payment they will ultimately take it but it is temporarily protected by the automatic stay. If you want to keep the car, keep paying for it. If you don’t want the car, stop paying for it.
Joseph Michael Romano Esq's answer That is not a question that can be answered in this thread. That, most likely, takes a consultation; an understanding of how bankruptcy works and how it is different than debt consolidation. If you want a shock answer it will be, in my opinion, never do a debt consolidation. But, I cannot say that definitively because I do not know your circumstances.
I would like to schedule a consultation to talk with you to discuss.
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