Question about filing bankruptcy

By | November 29, 2015

I’ve been going back and forth in my mind the past year or more whether I should or should not file bankruptcy.

I finally had a friend give me someone to talk to that would be honest with me. His suggestion is that I find a place to rent, file bankruptcy in which he has someone that will work with my husband and myself every step of the way to get through this. He says in 2 years he can help us raise our credit score and help us finance our own home. Does this sound right? Does it sound like something that I could count on happening? He told me I shouldn’t feel bad about filing and that if I wanted to pay back the debt all I had to do is call up the place and pay them…? His last comment was since it was $15,000 debt that I was wasting my time looking for or going through a credit couseling service.

Is there anyone that can really give me some good-honest advice? It sounds to me like the person that you talked to has something to gain by talking you into filing bk. Don’t know, but thats the way it comes across. You need to talk with several professionals. Talk with 2-3 different credit counselors and 2-3 different bk lawyers and then go from there. personally I don’t think 15,000 sounds like enough to file bk over, but I don’t know your situation.

We filed bankruptcy back in October. The paperwork was not too hard. Download the pdfs from the bankruptcy courts’ site. We filed a waiver of filing fee and the judge approved it. We no longer have all of that interest to pay and we now don’t have to pay that $1800 per month in monthly payments and are holding our own. As for paying back the debt, I would be more concerned about the small businesses we borrowed from such as for medical bills but not the big corporations as they don’t care about us people.

Now my husband and I are in about $11,000 worth of debt. We barely have enough for our bills. I budget weekly and we are doing everything we can….but unexpected expenses keep popping up and it’s just really hard to get this debt cleared off! I’m feeling very frustrated and scared. What can I do? Since our interest rates are already low (3.99%, 7.99%, 10.24%, and 11.24%), they can’t help us.  They cut to 9%,and because of that the payment would actually go up.  I’ve gone through the process with CCCS and Take Charge America.  In both instances, the payment went up about $300 a month.

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