I am a student , still in college, i have over 20k of cc debt and adding student debt to that as well.
i do work, but i cant dedicate myself to working 24/7 to pay my debts, I live off of financial aid from school, and not from my employment money, i am on my own, no parental assistance.
my credit right now is good, all my credit cards have good intrest rates, some are fixed at 8, others are prime plus 1.49 , or something similar.
I own no property or stuff of value.
I constantly pay the minimum and then charge for necessities like food b/c i have no money left. My rent is 800 and i have about 1000 from financial aid with wich to live on. Plus my job but in order to do well in school i cant work that much, i work very little, sometimes making less than a 100 a paycheck, soemtimes around 300.........
Would i be able to file for bankrupcy?
or would i be required to quit going to school and to get a job to pay solely for my debts?
2007-03-20
19:58:24
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2 answers
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asked by
Anonymous
in
Personal Finance