When, or should, i file for bankruptcy?
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Look into credit counseling first... There are many non profit companies out there that can help... Just stay away from the for profit companies... A good one to look into is Consumer Credit Counseling... There are many different ones out there... They may have even previously been non profit... just be careful if they charge of counseling or advice...
When, or should, i file for bankruptcy?Trust me, the stress you have over your financial situation is sooo not worth it! especially with your health situation. I suggest you find yourself a BK lawyer and file soon, are you still making payments on your debt? The lawyer will probably ask you for about $ 2000 before they can start your case, they can take payment but will not begin the process until paid in full.
You will be able to put your medical as well as your credits cards in teh filing, I am not sure if you must mak the car payments. I know for a FACT that student loans cannot be put into a bankruptcy filing, and they will tell you, you will have to pay for that!
With that in mind, if the job situation is bad as it is, I wish you lots of luck with this. Try to find a reputable lawyer who specializes in bankruptcy. Thsi will be dificult at first, but I hear you can always rebuld your credit over time, start slowly with little credit amount, and after a few years, you'll be able to apply for credit cards, car loans, at a higher rate of course, but still a posibility.
Best of luck.
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