I am in serious financial trouble but not credit card it is non paid bills, medical bills,and things like that can someone tell me if I qualify for either bankrupcy procedures in North Carolina
2007-01-07 23:51:36 · 4 answers · asked by cora7391 3 in Business & Finance ➔ Personal Finance
I agree with jb. My first thought is to pay your medical bills. A dollar a week will suffice. Seriously. Pay them a dollar a week whilst you negotiate a fair rate for whatever services were provided to you. Once you get that under control, you can work on the unpaid bills. Now, I do not wish to belittle your situation, but if it is just unpaid bills and not credit cards, your situation is probably not as bad as it looks to you.
I suggest you write down all your debts, work out what it costs to pay bills as they come in from now on and see what you have left over. Then work out what you can pay each creditor. Write to them (do not telephone!) and tell them what you are willing to do to clear the arrears. Then follow through and pay what you have agreed on time. You might be pleasantly surprised at the reaction you get. I was recently, when I was in a deep financial hole due to medical bills. The hole is getting smaller and smaller every week.
The biggest problem is the medical bills. Don't take any nonsense from them. Be firm and tell them what you can afford to pay. They don't like bankrupt clients either.
If you do your math and creditors really will not accept your proposals, then bankruptcy is an option, but please do try to avoid it. Be wary of people who advertize on TV (I'm from NC too - you probably know which advert I mean!) At the very least, record the advert and pause it to read the disclaimer!
Do you have a tax refund coming? The money from that might pay down some debts far enough that the rest won't seem so daunting.
I feel for you. Hang in there.
2007-01-08 00:21:32 · answer #1 · answered by skip 6 · 0⤊ 0⤋
Take it from someone who knows. Only declare bankruptcy IF YOU REALLY HAVE TO. Check out the credit agencies that help you get back on your feet. Good luck to you:)
2007-01-07 23:54:13 · answer #2 · answered by j b 5 · 0⤊ 0⤋
Depends on wether or not it is Chapter 7 or Chapter 13
2016-05-23 09:30:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
if possible get a loan
2007-01-08 00:10:03 · answer #4 · answered by me k 1 · 0⤊ 0⤋