how much maximum I have to propose to get an acceptable proposal
July 12th, 2007 by Questions
I have almost $110 k debt altogether in my credit card and line of credit excluding mortgage. my mortgage is around 93000 dollar, and my income $3400 after tax permonth.Market value of my condo is approximately $130k .
We are a 3 member family with an 8 year old child. my spouse is not working.
The mortgage is in both of our name also she co-signed for the line of credit of 32000 and 5000 equity plan credit. All other debts are just my name only.
If I go for a proposal, how much maximum I have to propose to get an acceptable proposal? What should I propose minimum.
Is it possible to propose my spouse and me together for a division 2 proposal? I would like to avoid bankruptcy.
Is that necessary to include my wife. If I don\’t how it will effect her?
What do you suggest in my case a proposal or bankruptcy