for me ? Also I'am being sued so what do you think?
2006-10-10 05:51:54 · 6 answers · asked by Dark & Lovely 1 in Politics & Government ➔ Law & Ethics
they'll hassle you forever, i was in a similar situation, go here:
http://debt-consolidation.50webs.org
2006-10-13 13:20:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Only a bankruptcy attorney who is properly licensed in your state can answer that question after reviewing your situation.
In a Chapter 7 bankruptcy, most (but not all) debt is discharged. (the exceptions include many student loans, tax debts, child support and alimony, etc). Whether you want to go this route, and even whether you qualify, will depend on a host of factors including your ability to repay the debt, thanks to the Bankrupty Reform Act. (read: Credit Card companies bought off Congress to make it more expensive and difficult to file bankruptcy).
Chapter 13 bankruptcy assumes you have a regular source of income from which you can pay a portion of your debt over a period of 3 to 5 years. Chapter 13 bankruptcies also discharge the portion of debt which is not repaid, and have some other advantages, but that's beyond the scope of this answer.
Contact a bankruptcy attorney in your area for more information. If you don't know one, contact your local or state bar association for a referral
2006-10-10 10:09:00 · answer #2 · answered by Phil R 5 · 0⤊ 0⤋
Chapter 7, if you can qualify. Talk to a bankruptcy attorney. They need to know the details of your situation.
2006-10-10 05:54:39 · answer #3 · answered by Hank 2 · 0⤊ 0⤋
Neither--PAY YOUR BILLS!! One of them is reorganization and the other is complete bankruptcy which will stay on your credit for 10 years....I am 8 years done with mine and let me tell you, IT IS NOT FUN.
2006-10-10 05:54:09 · answer #4 · answered by bradnmich2003 4 · 0⤊ 0⤋
ha ha, to be honest, i'm not going to help you solve your problem and therefore not telling you which chapter you should choose.
you got to find a solution for yourself.
2006-10-10 06:11:49 · answer #5 · answered by I am marrying her only. 2 · 0⤊ 0⤋
how about a second, even third, job?
2006-10-10 05:54:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋