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Jhr3004

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Should I file bankruptcy?

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Good Question

It depends on what your debt is? Medical? Student Loans? Credit Cards etc. etc. some debt cant be discharged and most debt can be set up on a payment plan so you  can make ends meat. The other person said it will effect you for the next 10 years dont do it, Well they are wrong my bankruptcy was discharged last month and i have 2 capital one credit cards a secured credit union cards and a kohls store card, all with a 15% balance.. you can get a car loan 1 year after bankruptcy and a house 2 years after, so its not the end of the world.. Do what i did take your icome each week and take your total debt and figure out how long it will take to pay them off, also if you already have boo boos on your report such as collections or repos, those are on your credit for 7 years regardless so its a catch 22.. Alot of people say talk to a experienced attorney but most attorneys are not there for credit advice thats what lexington law is for, talk to local banks if fincancing is what worries, just remember someone has been in your place before and we have all come out of it well.

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That should be the last thing on your mind since a bankruptcy kills your credit for 10 years.  Search for Dave Ramsey's site and find out how to do debt repayments.  Some accounts you may have (no one here can see your information) cannot be discharged in bankruptcy.  If you still want to consider it, consult with and carefully listen to a bankruptcy attorney.

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