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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You are thinking Op would do chapter 7 but I think chapter 13 is going to be much better if she wants to keep her car, retirement etc. chapter 13 is reorganization of debt and you still end up paying some of the debt including CC. Creditors have gone smart about it and it’s not as easy as it looks. Dealing with lawyers and paying them is another concern. [/quote]

Not to mention, it's debt she incurred and is responsible for...the whole "just declare bankruptcy" advice is insidious and a sign of what a crap nation the US has become. But might as well be like dear leader I guess? Trump is such a shining example of responsibility. [/quote]

Bankruptcy laws have existed for years.  [/quote]
And imo unless it's medical debt, you should still be responsible for it.

The two people who I know who filed bankruptcy were financially irresponsible, didn't live within their means.  They created the mess when they made enough to live comfortably.  They ran up credit card debt for wants and then couldn't pay it off.  And one wouldn't get a job if he didn't like the job.  So yeah. It is not others job to pay for your stupidity.  You take on the debt you have to figure out how to pay it off.  [/quote]

I am sure OP's situation is something like this in which she spent more than she makes and a lot on stuff either she wasn't smart about or overpaid for no reason. The really bad is the debt spiral when CC companies continue to charge you crazy amount on interests and people never get out of it. [/quote]

OP told us how this debt happened; it's no mystery. She was married and presumably they had two incomes, then she got divorced. At some point after divorce she was living with a fiance who helped with expenses, but he's gone too. So she's been spending like she was in a couple, instead of supporting herself, and she overspent.

it happens. But now it is getting harder and harder to get out of this financial hole she's dug herself into.

If she earned a lot more money I'd say tough noogies, dig your self out of the hole. But she doesn't. She earns very little relative to her debt, and she isn't 25 either.

That's why I say bankruptcy is the best answer.[/quote]

I agree bankruptcy is best for her but how to handle the initial payment to lawyers as they charge a good amount of money upfront to handle the bankruptcy. I don't think OP has any money to spare and bankruptcy can't be handled on her own. [/quote]

yeah. Stop paying so much extra on the credit cards would be my suggestion. Just pay the minimum payment to save up cash for the bankruptcy lawyer.[/quote]

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