Question
Joseph and Carol, a married couple, make an appointment with you to discuss their financial situation.The following information is provided: They own their own home,
Joseph and Carol, a married couple, make an appointment with you to discuss their financial situation.The following information is provided:
- They own their own home, and have an adjustable rate mortgage, which has just adjusted upward, increasing their monthly payment by $900.00;
- They also have about $10,000.00 in credit card debit with two different credit card companies.
- They have two cars, with no monthly car payments;
- Their combined Salaries are over $100,000.00 and ;
- Their combined credit score are excellent.
Can they file for bankruptcy? Additionally, what are some potential alternatives available to them?
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
9781259066481
