I am about $15,000 or so in debt right now. $12,000 of it is from medical bills from an emergency surgery I had to have (I had insurance to cover the surgery but they only paid 10% and now I’m stuck with the medical bills from it and NO way to pay them). I’m working full time but am currently switching to part time because I just recently had a baby and need to be able to stay home some of the time with him to cut costs on babysitting. I don’t care tht the bankruptcy will be on my credit for 10 years….it will take me that long to pay off the medical bills at the rate I can afford to pay them now…I also have diabetes and my prescriptions cost a TON a month…it’s impossible for me to work part time (or even full time for that matter) and even survive at this rate. I need to get an apartment for my son and I and just can’t do it with the amount of bills I owe. Is there a minimum amount of money you must owe before filing bankruptcy? Will I be able to keep my car?
I have one of the cheapest cars you can buy (Chevy Cavalier) and it is 2002. Someone suggested I sell it and get a crappy car for now…I can NOT do that. I must have a solid, secure car to make sure I have a way to and from work and also to have transportation to my son’s docs appintments. I need to keep my current car and my interest rate on my loan is locked and VERY low (3.4%). This car is great…but if I file bankruptcy will I lose it?
I don’t WANT to send my son to a childcare center. They are dirty and nasty. His father and myself will be watching him. And I AM working full time right now thank you. I can NOT afford the debt I owe either way….
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How To Survive Bankruptcy
You do know the govt’ will pay your child care expenses if you qualify and go out and get a full time JOB, don’t you?
How To Survive Bankruptcy
Don’t assume that bankruptcy is the answer. First go and see a credit counsellor, most are free. They will look and everything and try to find a solution as they will contact your creditors and negotiate an agreement. It isn’t 10 is is 7 years.
Go and talk to your pharmacist about generic medications that are cheaper. No, they won’t take your car. Don’t get stressed, you have alot of option, what about child support?
How To Survive Bankruptcy
To file for bankruptcy it does not have to be a certain amount but a certain percentage of what you make/own. In my state there is a place called “We the People” they will help you file a chpt 7 for $199 without lawers. Google them if you can.
Also if your bills are current you probally will Not be able to file. You have to prove financial hardship.
If you want to keep your car you will have to file a chapter 13. Which means you have to pay off everything on a payment plan.
It is really simple. Most creditors do not contest bankruptcy. A few weeks after your bankruptcy is discharged (usually 3months after filing) you can apply for credit again. Creditors will be more than likely to give you credit because they KNOW that you can not file again for a number of years.
God Bless