My husband and I have a business for sale, that may or may not sell.
If we cannot sell it, we will be forced to close it and file bankruptcy (I'm thinking)
I own a home, in which we both live, that was given solely to me in inheritance. We are 2 months behind in mortgage payments.
If we file bankruptcy will my house be in danger?
We have about $40,000 in insecured debt, and $150,000 secured debt.
I am currently also considering filing for social security disability because of health issues, and need to get some type of positive cash flow happening, because our business is distressed.
Can anyone give me some advice on things to consider here?
Thanks in advance for your advice.
We live in California.
DLynn

