White, GA Bankruptcy Law Firms & Lawyers

You can sell a home prior to filing bankruptcy, many people seek to sell their home through normal means, short sales, and even deed in-lieu of foreclosure. The sale of any property, real or personal, prior to filing bankruptcy must be conducted in an arms-length transaction; this involves a third-party and usually at a fair market value for the property being sold. You may have an issue though. If your ex-wife is in the home and you are bound by a divorce decree, in some form or another, to ensure you do nothing to impede her ability to live in the home, then you cannot sell the home without her consent. If she is on the deed or mortgage, you will not be able to complete a valid transaction to sell the home without her written consent. If you are having to pay the mortgage on the home and a divorce decree is in place that requires you to maintain those payments, you can still file for bankruptcy, but that debt will not be dischargeable.

If you file bankruptcy, then all your investment properties would be included, BUT you don't necessarily have to lose all the properties. Depending on how you treat the properties and the debts in the bankruptcy, you could still keep some or even all the properties. It is up to you.

Sounds like you need a bankruptcy attorney.  This forum is for questions and answers.  You should consult with a bankruptcy attorney in your area to advise you on your options.