October 14th, 2009 by Questions
I am thinking of filing for bankruptcy. I only make $10 dollars an hour and I got credit cards to pay in which I am not only behind in my monthly payments but also I believe I won`t be able to repay them.
My problem is I own a house. Actually, my wife and daughter co-owned the house. Its mortgage is in its 3rd year. We bought the house in 2007. My question is if I file for bankruptcy, is there an effect to our house? I am scared the government or my trustee take the house from us.
We pay our mortgage on a monthly basis. Our mortgage company has no problem with us. We never were late in our monthly payments. And if I file for bankruptcy, how much I spend for legal fees (to the government and to my trustee)? I am scared I don`t have money enough to pay these fees.
Posted from: Alberta