Regarding bankruptcy, Julie and Ralphs could file bankruptcy through chapter $7$ or chapter $13.$

Chapter $7$ bankruptcy would allow them to discharge or liquidate their debt. Under chapter $13$

Julie may be able to file since she has a job which would allow her to come to an agreement on

a repayment plan with the creditor.

In this scenario secured transactions factor through their mortgage. It may also be seen as

fraudulent if they transferred ownership of their home to Julies sister within two years before

the date that they filed for a bankruptcy petition, especially if they are planning to recover the

home after being discharged from their debt. I think that their car loan would also be

considered a secured transaction, and if they were to file for bankruptcy it would be collateral

for the loan. The student loans and credit card debt would be considered an unsecured

transaction because their is no collateral. Student loans are non dischargeable debts.

They should file for bankruptcy and should take accountability for their debt and be responsible

in paying it back or getting it discharged. They should also be more responsible in the future so

that they don't have to go through this again.

$**$Please help me provide a positive feedback on this discussion. Thanks!