What should I do? in debt and not much work

Date: Tue, 12/09/2008 - 12:52

Submitted by anonymous
on Tue, 12/09/2008 - 12:52

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Total Replies: 3

i've had to live off my credit cards for 5 years and around 30,000 in debt, I have not bought anything of substantial value, nothing to show for it. I have mental issues. I don't hold jobs long and have personality disorders. I paid off my citi bank card monthly for 4 years until 2003 when i went into this debt, at the time of transferring balances and getting these new cards I was under the treatment of a psychiatrist and would have never done this if it wasnt the medicines i was being treated with.

i guess i declare BK? but how do you declare BK if you cant afford a lawyer? or should I pursue a debt relief?

I don't think you qualify for chapter 7 bankruptcy. Have you giv

I don't think you qualify for chapter 7 bankruptcy. Have you given a try to debt settlement?

lrhall41

Submitted by on Wed, 12/10/2008 - 02:07

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If you can afford a settlement program I would do that first but

If you can afford a settlement program I would do that first but if you can't even afford that than you should definitely consider bankruptcy.I would try and get a consultation with a bankruptcy attorney in your area to know your options. Most will give you a free consultation. Plus there are bankruptcy attorneys that also offer settlement so they could see what would best suit your needs.

lrhall41

Submitted by mobile0311 on Wed, 12/10/2008 - 09:10

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I agree with Mobile. A debt settlement program can help you out

I agree with Mobile. A debt settlement program can help you out of the mess as it can drive down your debt by 40 to 60 %, sometimes even higher. But if you can't afford this program then you may go for bankruptcy. Please remember that you may select any one of the bankruptcy filing options - Chapter 7 bankruptcy or Chapter 13 bankruptcy.

If I were you then my first preference would have been Debt Settlement. If I could afford it then I would have opted Chapter 13 bankruptcy. This bankruptcy option is known as reorganization bankruptcy and acts as an alternative to Chapter 7 bankruptcy.

lrhall41

Submitted by phoenix on Wed, 12/10/2008 - 19:21

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