The property is my residence. I have no money and cannot get medi-cal even though I am on Social Security and rec. very little.
While the Bankrupcty Reform act did complicate filing for bankruptcy, most of the people who were able to file a chapter 7 bankruptcy under the old law can still do so under the new law. However, it requires careful planning and consultation with an experienced bankruptcy attorney.
In a Chapter 7 bankruptcy, *most* of your unsecured debts are discharged. The extent to which your property, (both real and personal) is exempt varies according to your state's exemption rules, which is why you need to consult a bankruptcy attorney who is licensed to practice in your state. For a referral, contact your local or state bar association.
