Question : How does bankruptsy laws work in Arizona?
Been in a relationship for 12 years – not married, but bought a home. relationship ended and payments were stopped on the home. About to be in forclosure. He was in the home, I left eight months ago. We are both on mortgage; but I can’t begin to pay it. I receive 2300.00 month in retirement. He is filing a bankruptsy next week, so if I do the same, what happens and what can I keep of my own stuff?
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Best answer:

Answer by Anna P
Bankruptcy is a federal procedure, so it’s the same in all states. You may be able to keep the home, but not if it’s already foreclosed. If you don’t have a lot of other debts, it might not be worth it. You can get a bankruptcy package from the federal courts and/or get a “Dummies” book at the bookstore. You can keep $ 10,000 worth of personal items and savings…your retirement will not be subject to forfeiture. Again, if your debts are mostly the home, reconsider bankruptcy. It should cost about $ 200 to consult a local attorney about this; if you do go ahead, that should apply to the attorney fees for filing.