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I Am Facing Bankruptcy

Not Sure If I Should File

By: slopeace
Written on May 5th, 2013
I am still debating about filing. I am 45 and in the middle of a long divorce. I left my husband over a year and a half ago and basically lived off of my credit card for four months, used it as a retainer for lawyer fees, had to buy all new furniture, etc. We used to work together in real estate so I had to start from square one. My little boy just turned 6 so I am able to work more. I like my job but dont make a lot and am now in over $33K of credit card debt. I have never made a late payment or bounced a check. My soon to be ex filed last week and now I am also getting some of his bills. I met a bk lawyer to ask questions about his debt going to me and she asked why I wasnt filing. I basically go online and pay my credit card every time I have any extra money but with interest I cant get it down! Now with summer coming and summer camp/school costs I just dont know how to do it. I am one flat tire or doctor visit away from not making it. I am paying my childs health coverage and many things that my ex should be helping me with. Without the debt I could make it every month and maybe even save. I want to do whats best for my son. Has anyone used a company that just does the paperwork for you (we legal or those companies)? They are $200 as opposed to the $1800 the lawyer charges. Also, do I just stop paying my credit cards and open a new bank if I may do this? I have a low interest because I had great credit, so I know it will go sky high. Also, what do you have to pay back? I have been using my card basically to live on. The lawyer said they can fight the last 3 months of charges. Has anyone used a credit card consolodator or whoever helps lower your payment? It is really my only bill but I think they may be sketchy. Anyway, thank you for any help. I have been up at nights stressing! Oh, and I live in California if that makes a difference in the laws.

Thanks.
By: slopeace
Age: 41-45
93 people have read this story

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2 responses
  • KGBS1954
    KGBS1954

    Hello slopeace,
    I have been in your situation and I know exactly how you feel! When my husband was seriously hurt in a vehicle accident and ended up with brain & spine damage his medical costs shot through the roof, we were in financial ruins BUT before we decided to file bankruptcy we spent our last $350.00 on our credit card towards a home business that has blessed us today financially with security and all our bills paid off! This is just a thought for you, I realize you are going through some real tough times now BUT we are ever so grateful we made this move before we filed and had bankruptcy over our heads for a long time.
    I have included the link and I wish you the very best and my prayers will be with you!
    Kathy
    http://bit.ly/13lRM3H

    3 days ago
    1 like
  • CaliGal
    CaliGal

    You will need to see an attorney. There are good and bad BK atty., go on line and get the one most are happiest with.

    I am sorry your credit will be ruined. But if you are getting your husband's debt in a community property state, you may have no choice.

    However, this is why you must consult with atty or go into a BK forum on line, there are many, Calif specific is necessary. You are going to first see if you are eligible. I left a husband and ended up in BK 13.

    If your debt was acquired during your marriage, you need to consider the implications this has on your legal married state and do this accurately. Don't count on atty to remember everything. 1800 will be worth it. Sell something. Get a room mate or a PT job for several months. Nothing's fair anymore. Best is to try to come out without any more loss than you already have experienced.

    Don't be embarrassed. This economy is difficult and so are people sometimes. It's hard not to end up paying huge for a poor judgment call. Best of luck. Take a friend or sister to court with you for strength. I found it very stressful and hope to never go through it again. personal details are laid out on the table (what you spend, what lifestyle is, strengths, weaknesses...ugh)

    May 10
    2 likes