I Just Do Not Know What More to Do....

My husband and I are probably at the lowest point in our life right now.  My husband works full time and recently experienced a pay cut and increase in benefit premium per pay check.  I work part time at $8/hour.  About one year ago, we met with a lawyer who said that we qualified for chapter 7; however, we wanted to try and do it the right way and pay the bills ourselves.  We have tried to pay our bills and have even had our car voluntarily repossessed and I gave my anniversary ring and wedding band back to Kay Jewelers to try and make our payments better.  We have a deficiency balance of $13,000 on our car - that we do not even have any more - it was sold at an auction for $6000.  I need advice...should we try to continue paying off our bills, one at a time, or should we declare bankruptcy and get a fresh start?  We do not own a home - we rent from my family.  I have no savings account and we live paycheck to paycheck.  I am just so nervous about what declaring bankruptcy will do to our life.  I am open to any suggestions and would really appreciate any help. 

princess30 princess30
26-30, F
1 Response Mar 9, 2009

You are not alone. This will take the worry away and allow you to make a fresh start. Today is the first day of the rest of your life.