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My main question is should I file bankruptcy or just let them slide

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My main question is should I file bankruptcy or just let them slide into collections? Working with my creditors is not an option because I will not have income for several months. I dont feel that the collection agencies will go after me other than annoying phone calls due to the relatively low balance on my accounts. Also, I have no property that they can place a lien on. 5 years from now will I be better off if I file bankruptcy or just lived with the collection accounts?


You can at first check out whether or not you can qualify for Chapter 7 Bankruptcy. The bankruptcy trustee can declare no-asset bankruptcy since you're saying you have no asset to liquidate.

Sub: #1 posted on Wed, 03/11/2020 - 04:09

Mabelle Page Mabelle Page

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Okay. How much do you owe by the way? Your balance could be wrong right now. But compounding interest can increase your debt amount by a great extent. And, in that case, they can sue you. But then all are probabilities. I wouldn't suggest you to file bankruptcy. You should try to settle debts first.

Sub: #2 posted on Wed, 03/11/2020 - 22:07

Nick Jonas Nick Jonas

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I think you should consult a bankruptcy attorney.

Sub: #3 posted on Fri, 03/13/2020 - 00:51

Sanders Patricia Sanders Patricia

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How much amount do you owe? I would suggest you to consult a genuine debt management company. They will can help you to pay off your debts. And most importantly, in the right way! Their financial advisors can guide you by assessing your financial situation and debt amounts.

Sub: #4 posted on Sun, 03/15/2020 - 21:08

Craigh.terry Craigh.terry

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