My close relatives are thinking about declaring bankruptcy, they're at least 100-150 thousand dollars in debt. They can just make the minimum payments, and sometimes not even, and now one of them isn't working so, doesn't seem to be much hope for them. They also have a very large mortgage, and are forced to sell their house. The house is in both their names (they're married). Some of their credit cards are joint accounts, like they both have cards with the same number. If they declared bankruptcy, could one of them just do that, rather than both of them? The majority of the money that they owe is on the husband's credit cards, but some of the money like I said is joint. Any advice on that, from anyone that's been through it? Any good bankruptcy lawyers agencies in the Los Angeles area? Thanks. :o)
2006-11-24
11:31:48
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7 answers
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asked by
Emo B
5
in
Other - Business & Finance