Question Confused with Filing of Bankcruptcy

[dreamszalone]

Hi all Expert's

Well am new here to get a advice from people like you so please help me out
Actually my case is little screwed up
I am jobless since 1yr and on Social Security Income and which is soon going to get stopped.

I use to own a house which got burned 2 years and insurance settled my claim and paid me some nominal amount in which i thought i would reconstruct my house but demloshing tooked lot of money and then i got jobless and then CASINO and then got broke .....

I been paying my house morgage but now i dont have money and ready to file a bank cruptcy

So my question can i file a bankcruptcy bcoz i dont have a house i just have land where there use to be a house...as after demolshing only land is left over....
And have a car on which i been making payment but soon going to stop that also...


So am i screwed up as am filing bankcruptcy wiht my bank on a house but in fact there is no house....

So please leave your comments on my situation or if any 1has got a similar situatino who can help me out wiht an advice what can be done ...

thanks
Sam

[jribe]

it sounds like you should get some free consults with local bankruptcy attorneys.

The home mortgage had the house as collateral for the loan; and now there is no house. So there may be an issue. Did you have an inadequete amount of homeowner's insurance coverage?

Hi all Expert's

Well am new here to get a advice from people like you so please help me out
Actually my case is little screwed up
I am jobless since 1yr and on Social Security Income and which is soon going to get stopped.

I use to own a house which got burned 2 years and insurance settled my claim and paid me some nominal amount in which i thought i would reconstruct my house but demloshing tooked lot of money and then i got jobless and then CASINO and then got broke .....

I been paying my house morgage but now i dont have money and ready to file a bank cruptcy

So my question can i file a bankcruptcy bcoz i dont have a house i just have land where there use to be a house...as after demolshing only land is left over....
And have a car on which i been making payment but soon going to stop that also...


So am i screwed up as am filing bankcruptcy wiht my bank on a house but in fact there is no house....

So please leave your comments on my situation or if any 1has got a similar situatino who can help me out wiht an advice what can be done ...

thanks
Sam

[dreamszalone]

So you mean to say Am screwed up or is like they can put me in Jail or so

it sounds like you should get some free consults with local bankruptcy attorneys.

The home mortgage had the house as collateral for the loan; and now there is no house. So there may be an issue. Did you have an inadequete amount of homeowner's insurance coverage?

[ready2puke]

Sorry is this for real? Not to poke at you, but why would anyone tear down and home and not know that there wouldnt be any money left to rebuild?