My question involves bankruptcy in the state of: FLORIDA
I made many financial mistakes during the laste three years and I lost it all.
I have been also separated for the last three years. We never file for divorce due to the fact that we were selling the house .Real estate went down in South Florida. We lost $200,000 in equity during the last 18 months.
Our home has two mortgages that total $350,000. The house is now worth $280,000.
We have two cars ( paid for). We also owned free and clear three pieces of land in Daytona Beach probably worth $50,000 dollars .
I ran my woodworking business for the last two years and had to close it due to industry slowdown. My total unsecured debth is $70,000
My wife wants to file for a divorce before I file for bankrupcy on my own
She does not want to loose her car (if we file jointly) and wants to hold on the land
Should I let her file for divorce ?? If she does, I have to wait one year to file for BK . She wants me to transfer the tilte of her car to my 18 yr old daughter
My atorney advises me to proceed with the bankrupcy case and lose all of the assets!
We are three months behind on the first and second mortgages
What sould I do?
Any advicce will be greatly appreciated! Please help!!! I need all kids of advise! Thank you in advance to off al the people responding to this post .Oscar from Florida

