Thought I was going to get the answers I need here, but I am more confused than ever! The several torts and criminal attorneys in my family are clueless about bankruptcy specifics! After 30 plus years of a pretty decent life, hubby has had to apply for Disability and I haven't worked in years. While trying to keep things afloat as he declined, we went through all 401K, retirement accounts, savings, CDs and ran up an unbelievably large credit card debt. With no hope of repaying the debt, it is time to file chapter 7. I have been under the impression that it will discharge the unsecured debt but allow us to keep the house, as long as we continue to pay the first and HELOC. My live-in adult daughter has offered to continue to make the house payments and keep up with associated costs (taxes, insurance, maintenance, etc.). I found this site while trying to figure out what amounts to put on Schedule A and then Schedule C, regarding our home. I didn't think there was any question but that I should check the box on the "Chapter 7 Individual Debtor's Statement of Intention" Part A that states If retaining the property I intend to "reaffirm the debt." Then below that check the "property is claimed as exempt" box. Now I don't know WHAT to do and I need to figure it out quickly. Say I am going to reaffirm the debt, then don't sign a reaffirmation agreement with the 1st and 2nd holders? Please help! What I thought I was asking was how to fill out Schedules A and C and I still need to know that but should I NOT check the box that I intend to reaffirm my debt?:confused: Thank you
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