I have several overdue bills, credit card debt, medical bills and now my checking account is overdrawn and will be closed if I do not pay it within 10 days. I have enough money coming in next week to catch my bills up, and offer the credit card some money (they're threatening me with collections), or I can bring my checking account current, but not both.
If my bank account is closed and sent to collections, I know I'll be able to pay it off within the next month, but I also know I won't be able to open another account anytime soon. A friend suggesting I consider bankruptcy, that I could discharge my medical bills, credit card debt, and the bank debt under it.
I am not trying to get out of my debts, I have been struggling for some time to pay everything, but even working full-time I make less than $17000 a year. I am trying to work things out so I can get a part-time job, but my current employer doesn't like us having second jobs.
Any advice? What would you do?
2007-12-13
11:13:36
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3 answers
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asked by
HocusPocus
2
in
Personal Finance