My situation is this: my wife and I are separated. She lives in Indiana and has 70,000 of unsecured credit card debt. No payment has been made for 6 months. The debt has been turned over to a collection agency. She owns 50 percent of a condo valued at 100,000. She is the sole resident. The other half is owned by her stepmother as tenants with right of survivorship. She has no income other than what I provide for her.
She is concerned about the collection agency putting a lien on the condo. Can she go chapter 7, or should she wait and see what happens next?