What do I do?

[starting over]

My husband wants to get divorced, we have a $98,000 loan with my house which was inherited as colateral. I am a stay at home mom with 3 kids, (4yrs, 2yrs, and 5months) and I have no way to pay the debt alone, and my husband can't really do it either. My question is, will I lose my house if I file? I think it has to be chapter 13 right? What are my options. My world has been turned upside down, I can't pay my bills, and I don't know what to do. Anyone with any idea what I should do would be greatly appreciated. Thanks

[StaciMM]

Probably the best thing is to finalize the separation/divorce first.

Check w/ your local churches & any other aid that is local to you. They might be able to help you with child care so you can work-I know that childcare for 3 little ones is outrageous. Also, if you have a family member or friend w/ kids-perhaps you could alternate the babysitting?

[edwards2]

starting over...bless your heart....what horrific timing. I agree with Stacie...do the "D" word first. I am sorry you have to do it at all and especially for the kids...and yours are so young. Consults with attorneys are free; you might consider doing that as well. I also agree I would try the churches to get some help with babysitting. My kids are grown but I had to pay daycare for my youngest son. Fortunately, I worked a flex shift so he was not there very long..frankly he really liked going. Anyway a friend at work has her son in a daycare and it very expensive. Unfortunately, you dont want to trust your kids to just anyone. Is there a possibility a neighbor, friend or family member could help? We are praying for you and your family. Also, there are a number of organizations who would help with making sure the kids have a Christmas.

[AAAArt]

I would suggest that you get some free consults w/ atty's. Both divorce and Bk. You can file a chap.7 and still keep your house...it doesn't have to be a 13.
Aother thing to remember is w/ the exeption of child support (and possibly alimony), Bk trumps divorce settlements. For example, soon to be ex-hubby can put in divorce settlement that he will pay half of the mortgage payments, however if he later declares Bk. that debt would be discharged from him just like cc debts. This is why you need advice from both types of atty's. Art

[Genenco]

I'd say only that Art and STaci are right on about this. Get to thee a lawyer and get thy butt covered..All is not as dark as it looks, but it will require you to gain some strength and your friends can help.

Our best wishes.

[Lightning]

You can't keep the house if you can't pay for it. There's no way around that.