What is the name of your state?
Massachusetts
Hello - I was on this site quite a few months ago - wondering if I should bite the bullet and file for bankruptcy or try to fight my way through yet another problem. After quite a bit of thought and realizing that it was, at this point, more advantageous to throw in the towel then do my usual and fight everything off - I filed. Chapter 7 - all credit cards went into this filing - I lost nothing tangible (I had nothing anyway) since I didn't own any property and didn't have any big bank accounts, and most of what I had was exempt, including my car (which wasn't worth that much anyway).
I just got my discharge. Know what? I don't miss the credit cards! Not one bit. I know it'll be quite some time before I can get my credit back on track, but for now this is far easier and I can sleep better knowing these attorneys are off my back.
I'm not saying bankruptcy is the answer - if you can get your feet back on the ground by other means and keep your credit rolling in the right direction (up!!), you're doing okay - but if it all becomes overwhelming and you're sure you'll lose your shirt by trying to pay everything at once - this (at least for me) may be the better option - but beware - Federal Laws are changing and it will soon be harder to file Chapter 7 - creditors are putting the pressure on government to give them a fairer shake and it's working. For the consumer, that is unfortunate.
Keep your chin up! Life is too short!
Sandy/from Boston
Massachusetts
Hello - I was on this site quite a few months ago - wondering if I should bite the bullet and file for bankruptcy or try to fight my way through yet another problem. After quite a bit of thought and realizing that it was, at this point, more advantageous to throw in the towel then do my usual and fight everything off - I filed. Chapter 7 - all credit cards went into this filing - I lost nothing tangible (I had nothing anyway) since I didn't own any property and didn't have any big bank accounts, and most of what I had was exempt, including my car (which wasn't worth that much anyway).
I just got my discharge. Know what? I don't miss the credit cards! Not one bit. I know it'll be quite some time before I can get my credit back on track, but for now this is far easier and I can sleep better knowing these attorneys are off my back.
I'm not saying bankruptcy is the answer - if you can get your feet back on the ground by other means and keep your credit rolling in the right direction (up!!), you're doing okay - but if it all becomes overwhelming and you're sure you'll lose your shirt by trying to pay everything at once - this (at least for me) may be the better option - but beware - Federal Laws are changing and it will soon be harder to file Chapter 7 - creditors are putting the pressure on government to give them a fairer shake and it's working. For the consumer, that is unfortunate.
Keep your chin up! Life is too short!
Sandy/from Boston