bankruptcy

I have 2 questions: can we file outside the state of Iowa if we choose?

Can we file on our 3 home equity loans we owe a great deal of money to along with our enormous credit card debt?

Karen
Butlerenterprisesllc@msn.com

ANSWER.

I am sorry for the late responce, our system went unfriendly for a while. I am not an attorney but consider this. If your home is in Iowa than you will likely have to file there. If Iowa is where you do not live at this time but where the home is located than an attorney can set forth the necessary cross paper work to begin to settle your debt. By filing a Chapter 7 you will qualify for relief of your home equity and credit card debts.

If your home has no equity to satisfy your loan repayments then I would say let it be forclosed on and let the banks hassle it out.