What's the best plan for my family?
I think bankruptcy is going to be your best option. Get rid of
I think bankruptcy is going to be your best option. Get rid of all that credit card debt and start with a clean slate.
The student loan debt will have to be repaid. It can't be included in your bankruptcy.
Thanks for the advice OhioGal. My wife is concerned with them
Thanks for the advice OhioGal.
My wife is concerned with them taking our one car that we are making payments on (never been late), and our duplex that we rent.
What MIGHT happen?
-MurkyinMO
Do you have a ton of equity in the car? If not, they wont want
Do you have a ton of equity in the car? If not, they wont want it...you would have to include it in the bankrutpcy and then reaffirm it.
W6g24y
It's a 2007 used Chevy Malibu that we just picked up in March on trade in. Roughly 9,000-10,000 left to pay on it. We have not missed a payment on it, and would let our credit card payments go late first.
I'm still on the job hunt as well, and speaking to a Bankrupsy person by email once he gets ahold of me.
Are we ok? As long as we can still make those payments?
If all of the payments each month were wiped out to "credit cards" only, we'd save 700-800 a month total between the two of us. I would STILL need at the least a 500-750 paying job that I would be able to do with my heart condition.
-MurkyInMO