I have like $12000 in credit card and $6,000 on car loan. Do i file bankruptcy?

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Actually i am a visa holder and work as a clerk in a liquor store and make hardly $1300 a month which is well enough for my rent and other bills and food. I dont see any other way to pay it.

so i am just wondering is it a good idea to file for bankruptcy and does the immigrant status matter in this case and do you have to go to the court with your attorney.

I have like $12000 in credit card and $6,000 on car loan. Do i file bankruptcy?

If you are not worried about future credit, you go bankrupt. But your credit will be horrible for (I think 7 years).

You could search online for debt consolidation or lower interest credit cards. Then, you could pay down debt and keep your credit history intact.

I have like $12000 in credit card and $6,000 on car loan. Do i file bankruptcy?

That is not that much debt. Make arrangements with the card company or get with a non profit credit counseling place who can negotiate for you to get your interest lowered and small payments.

Bankruptcy will mess your credit up for a long time.

I have like $12000 in credit card and $6,000 on car loan. Do i file bankruptcy?

If you file bankruptcy, you would have to go to court. You also probably won't qualify for Chapter 7 and would have to file Chapter 13 which is the payment plan. So filing bankruptcy won't get you out of your debt.

Tighten your budget and pay off the credit card. Sell the car and pay off that loan.

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I have like $12000 in credit card and $6,000 on car loan. Do i file bankruptcy?

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