Anonymous wrote:

Anonymous wrote:OP, just ignore all the advice unrelated to your question and make an appointment to see a bankruptcy lawyer. It's nothing to be afraid of. Not a company, an actual lawyer with a track record. They will explain the whole thing to you and then you and your husband decide what to do.

We can’t afford a lawyer. How do bankruptcy lawyers even make money? All their clients are broke.

Once you file, you presumably will strip making payments on the debt. You can use that free cash to pay an attorney.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

So your credit card debt is what, around $30k?

It’s a lot more than that. Like, triple.

You must have an incredibly low interest rate if your minimum payment is only $800 on $90k in debt.

I’ve been jumping from special low rate balance transfer to balance transfer for years. I’m terrified of everything catching up with us.

Anonymous wrote:OP, just ignore all the advice unrelated to your question and make an appointment to see a bankruptcy lawyer. It's nothing to be afraid of. Not a company, an actual lawyer with a track record. They will explain the whole thing to you and then you and your husband decide what to do.

We can’t afford a lawyer. How do bankruptcy lawyers even make money? All their clients are broke.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?

We don’t live in a low COL area. We live in the DC metro area. What I’m saying is that we don’t live in the nicest area of DC. Think one of the neighborhoods that people would scoff at here on DCUM. “Bad” schools. A sh*t shack. It’s not inexpensive, though.

I'm sorry OP, this sounds really stressful.

Dave Ramsey debt snowball.

Consult a bankruptcy attorney.

Has your husband considered driving for uber while you are home from work with the kids? It is also a good way to make job/employment contacts.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?

Lots of medical expenses that insurance didn’t cover. Therapy. Vet expenses. Dental expenses. Travel to take care of aging parents. It adds up quickly.

Did he get the pandemic unemployment checks? That might have helped.

Based on the information i don't think you will qualify. Income too high, plus you don't be able to chapter 7 if you have significant equity in or home and planning to keep it.

you need to get rid of the credit cards and live within your means. as for the cc debt you need a budget that would allow you to pay down your debt.

some other thought.. are your assets (home etc) in one persons name? what about the debts? who's name are they in?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?

Lots of medical expenses that insurance didn’t cover. Therapy. Vet expenses. Dental expenses. Travel to take care of aging parents. It adds up quickly.

Do you not have any of those expenses anymore? I’m not trying to give you a hard time, this is a serious question. If you file for bankruptcy, you will not have access to a credit card for a while. If you ran up all of this debt when your household income was double what it is now, how confident are you that you can get by when you spending is limited to bo more than what’s in your bank account at the moment?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?

They have been living off of the credit card for two years.

No we haven’t. Read, please.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

So your credit card debt is what, around $30k?

It’s a lot more than that. Like, triple.

You must have an incredibly low interest rate if your minimum payment is only $800 on $90k in debt.

OP, just ignore all the advice unrelated to your question and make an appointment to see a bankruptcy lawyer. It's nothing to be afraid of. Not a company, an actual lawyer with a track record. They will explain the whole thing to you and then you and your husband decide what to do.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?

Lots of medical expenses that insurance didn’t cover. Therapy. Vet expenses. Dental expenses. Travel to take care of aging parents. It adds up quickly.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?

They have been living off of the credit card for two years.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Even if you could get your debt discharged (which you probably cannot), how will you get by afterward when you have all of the same expenses and your husband is still unemployed but now you don’t have access to any credit lines to cover your shortfalls?

We would have at least $800 a month more if we didn’t have to pay minimums.

Sure, but something got you into the debt to begin with. It didn’t just happen to you.

About 90% of the debt was accrued before my husband lost his job. We thought we were on track to pay it off eventually. And then the rug got pulled out from under us.

How did you run up that much consumer debt while your DH was making $100k/year in a low COL area? Do you have anything you could sell to help pay off the debt?