New member here

[jomo6106]

Hey guys,

New to this forum. Been battling hard on our own over the past year and we think this might be our only hope for suvival. Anyone care to discuss with me?

Thanks
Jomo

[keepmine]

A few facts might help. Annual income, amount if debt you wish to discharge, homeownership and amount of equity, your state and size of family for starters.

[jomo6106]

Total income 67500

Total debt 137500

In year 3 of a 30-year mortgage

AL

and just my wife and I

[jomo6106]

The house is the big chunk there.

We owe 75000 on it and tax value is listed at 88000

[keepmine]

The major hurdle you will likely have is, your income is likely above the median for the state of Al. Also, since the debt you wish to discharge won't count as an expense, you likely will have a lot of disposable income. That means, a Chapter 13.
Have you spoken with a lawyer yet? Are you planning on giving up your house?