Skip to main content
index page

Should i File Bankruptcy?

Submitted by on Fri, 10/09/2009 - 02:12
Posts: 202330
Credits:
[Donate]

I have combined debt of about 18,000 i have no job and haven't had one in almost a year. I am being supported by family and my boyfriend but they are done battling MY debt. I get about 7-8 phone calls a day from creditors asking me if i have any money yet. The fields i have experience in require degrees which i cant afford school and all the other jobs in my area are either taken or not something i could physically do. So i am asking if its wise for me to just file or continue to ignore it?


It wouldn't be wise for us to comment on bankruptcy with limited information on your financial status. What types of debts do you have? Because student loans and past IRS dues can't be put under bankruptcy. But you may get rid of most of your commercial debts through BK. You must consult a bankruptcy lawyer to know your options. Most of them do the first assessment free of cost.


Submitted by phoenix on Fri, 10/09/2009 - 03:41

phoenix

( Posts: 1445 | Credits: )


Guest, I would consult with a bankruptcy attorney and possibly a debt counselor. Everybody's situation is different and choosing to file bankruptcy is not an easy decision. I battled with it for a long time before I finally decided to file. I made sure to consult with several people before doing so and they all pretty much advised me to do same thing in my situation. I tried and tried to pay and catch up but for most of my creditors it wasn't enough. I think ignoring the debt will only make things worse because it won't go away. You are right we don't know your situation, but I think the best adivce we can offer is to consult with a BK attorney or a debt counselor as I mentioned. Good luck with everything and remember there is a light at the end of the tunnel. :-)


Submitted by PinkLady on Fri, 10/09/2009 - 06:55

PinkLady

( Posts: 1720 | Credits: )


Quote:

Originally Posted by Anonymous
ever hear of not being able to get enough financial aid.
ever hear of not having the physical health to do a lot of what most people do
why are you so harsh, you dont know my situation


I am not being harsh....you didnt give enough information.

Financial aid will cover affordable education like community college.


Submitted by SOAPLADY on Fri, 10/09/2009 - 09:09

SOAPLADY

( Posts: 17315 | Credits: )