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cgiroir1411

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IF I HAVE ALOT OF CREDIT CARD DEBT AND ONE LOAN DEBT THAT ARE ALL BEHIND, SHOULD I FILE BANKRUPTCY
THEY ARE 6 MONTHS BEHIND AND WE CANNOT AFFORD TO PAY THEM. MY HUSBAND GOT A JOB WITH HALF THE SALARY. WILL THEY CHARGE THESE OFF OR SUE US?

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Notify the creditors of the income reduction and let them know you would like to get the debts paid in full but can't and ask their help. Let them know your total debts (not just their) and your necessary living expenses, and the income. A 'kicker' to get them to help might be a final line saying you'd rather be able to pay them than file bankruptcy.  They really hate bankruptcy.  If there is anything you can sell to improve your cash flow, or if YOU can get a job for a while, that would be great. Wish you the best.

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