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Question
Asked 318 days ago by a user from Bluffton, SC
Should I declare bankruptcy?
I have a home (purchased in 2008 - after my devorce) and some land (Purchased with my former husband in 2002). I was out of work for 2 years as I let my professional licenses laps (due to stress of divorce and illness in the family) and it took time to get them reinstated receiving. Alimony was covering my expenses. My X declaired bankruptcy in February. While I have been able to keep my house payment up, my lot (which is $100 thousand dollars "underwater") was foreclosed on last week. Although I have reinstated my license and began a new job, the bills are begining to pile up and I'm not sure to get out from under them. My x has been paying me about 50% each month (he skipped February). I am told that although I have lost the lot I still owe the $100 thousand which I will be paying until I'm 84 yrs old - not to mention my other bills. What are my options?
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