January 17th, 2008 by Questions
Total in Credit cards: $100,000.00. Making minimum payments only.
Family Members loans: $70,000.00
1st Question: My Job security is unstable. Too tight to continue down this path and reach with all payments. Therefore would like to sell house to brothers and sisters. And they would keep me there on rent only. This way it would give me a break and breathing room to keep paying my other depths. Is this possible to sell my house to my brothers and sisters?
2nd question: Once house is sold and I rent, and incased I lose my job, will I be able to file bankruptcy for any credit owing?