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  1. #1
    Join Date
    Jan 2009
    Location
    New Mexico
    Posts
    4

    Default Filing Bankruptcy While Current On All Bills

    My question involves bankruptcy in the state of: New Mexico

    My wife and I have a mortgage and a car loan. We don't have credit cards or any other loans. I have been out of work for several months. Her income is not sufficient to cover the mortgage, much less other bills. At this time we are current on our payments.

    Can we file for Chapter 7 now, even that we are current (not in foreclosure or default)?

    Regards -

    commtr

  2. #2
    Join Date
    Jan 2009
    Location
    New Mexico
    Posts
    4

    Default Re: Filing Bankruptcy While Current On All Bills

    A little more information. We are not interesting in keeping the house. We plan to move out of state in order for me to find work.

  3. #3
    Join Date
    Apr 2007
    Location
    Southeastern Michigan
    Posts
    1,226

    Default Re: Filing Bankruptcy While Current On All Bills

    Take all of your information (wages, bills, mortgage payments, assets, etc) to a qualified bankruptcy attorney for review. He/she can best advise you as it pertains to your situation and income.

    Most initial consultations are free of charge.

  4. #4
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Filing Bankruptcy While Current On All Bills

    In terms of the specific question, yes, you can declare bankruptcy before you default on any financial obligations.

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