roommate moved out-cant afford all bills should bankruptcy be an option?

Answer 1

Bankruptcy, especially under the new law, is a major nuisance. It will annoy you for years and keep you from getting any credit in the future. Don't do it.

Go look for a cheaper place, a new roommate, or someone elsewhere who needs you as a roommate. All are better ways to save money.

Answer 2

No, don't even think about it, its not the magic money eraser
that so many people have come to believe.
Concentrate on getting your finances in order, start by getting
an exact total of what you owe & work out a payment schedule.
Make a budget & stick to it. Most money problems come from
having too much credit & not enought money to cover it.
Don't dig yourself into a hole by trying to "advance" your credit,
the only way out of debt is to pay it off. Good Luck.....
& later drop us a note to tell us how the story ends.

Answer 3

Bankruptcy should only be used as a last resort. I would try other means of repairing the credit first.

Answer 4

try calling your landlord, utility companies,and whoever else to see if you could work out some temporary arrangements. in the meantime, advertise for another roommate. also you will need to resolve yourself that you will have to skip a few things like lattes, eating out, etc. it will work out, you just have to buckle down for a bit

Answer 5

sit down with any sane adult near you and re ask that question and see how hard they laugh.

let alone look up bankruptcy and see what it all says as I don't think you really understand what it is to begin with.

Answer 6

As perplexing as that's to stay with your mom, ought to you tolerate it for some extra months? i might in simple terms manage my money and my jobs. in assessment to different people's harsh words, I comprehend you. i think of everybody is forgetting this is between the worst financial project our united states of america has considered in many a protracted time. Many, many youngsters can no longer locate jobs, won't be able to deal with to pay for apartments, have become laid off and stick to their mothers and dads of their early or maybe mid-20's. for many, they're good and perplexing working youngsters. yet, by way of interest cuts, they could't get on their ft. I actual have a chum with a bachelor's degree working retail on the mall. She is continuously sending out purposes and resumes, yet she would be able to't hit upon a component! this is between the worst cases to be on your 20's in u.s.. it particularly is extra tricky to get on your ft now, then it has ever been in the previous. My suggestion is to beginning saving and stay with mom for a jiffy longer. as quickly as you preserve a extra helpful interest place, with extra helpful pay and extra helpful hours, then you definately can get your individual place. you've money saved in the financial corporation and you would be plenty extra helpful off. you ought to pass out now and get yet another interest. yet, stay paycheck to paycheck for the the remainder of your existence. i'm sorry, it particularly isn't any thank you to stay. Or, you ought to stay with mom for yet another 4-6 months and get your self prepared. as quickly as you are trying this, you're taking all your animals and your belongs and you get out. Then, you will by no ability could return. better of success to You!!! it particularly is perplexing to be beginning out in this contemporary financial equipment.

Answer 7

talk to a debt councilor