My question involves bankruptcy in the state of: New Jersey
Long story short, I have a house in NJ that I bought with a partner, that I cannot afford. The house has gone in for foreclosure and both the bank and it's lawyers are un-cooperative for a Deed in Lieu. The question is what is my best option?
My lawyer suggested bankruptcy. But which one would be better since I do not want to keep the house but my car?
Will the bankruptcy have any effect in sponsoring affidavit of Support for my to-be wife? What is the minimum income required for affidavit of Support?
Lets say I file for bankruptcy, are there any other improve my credit score over the years so that the bankruptcy damage is minimized?