Should i file for Bankruptcy?

You'd be better served asking a bankruptcy attorney these questions, rather than the Yahoo! Answer site, as the attorney will have specific knowledge relevent to your state.

Not all debts are forgiven by bankruptcy including student loans and taxes. Filing for bankruptcy may not forgive as much as you think it will.

The best thing you can do is become current on all of your bills, then make a budget on paper where every dollar that comes in is spent there before you get it. Then as you get paid, you know how much you can pay on everything.

I would check out Dave Ramsey at www.daveramsey.com. He's been through losing everything, and has re-built his wealth back up and he talks about how you can do that. He answers a lot of questions similar to yours on his radio show. You can listen to archives of the show online.

I wish you the best of luck in getting through this difficult time.

You haven't posted enough facts about your decisions. When I advise a client on filing for bankruptcy, I look at their entire picture: income, expenses, assets and liabilities. Some of your bills like the students loans won't be dischargeable. The tax debt might not be dischargeable if certain conditions are not met. You should meet with an local bankruptcy attorney to determine if a BK will actually meet your goals.

If you can avoid bankruptcy, please do so. I had to file bankruptcy when my oldest daughter was diagnosed with diabetes. She was 6 and I had to quit my job to care for her, had to go to the school to give her shots, etc. Bills piled up and I had no choice. But then after everything got straightened out that bankruptcy haunted me for a long time. They say it stays on your credit report for 7 years but let me tell you from personal experience. I filed 13 years ago and it's still on my credit reports and I have no idea on how to remove it. There is a place called Consumer Credit Counseling or Consumer Credit Counselors. They are a non-profit organization and they will work with your creditors to get your interest rates down and assign a payment plan for you. You send them 1 payment each month and they send a little to each creditor. It stops the creditors from harassing you but you can't use those credit cards anymore. If it's at all possible, try something like that first. Then if you still feel you can't make it, then file for bankruptcy. You can do the bankruptcy papers yourself so it will be cheaper but it still costs over a hundred dollars to file. It was $130 when I did it 13 years ago so who knows how much it costs now. Plus now they have new laws that make it harder to file. You'll have to go to bankruptcy court and they will ask you about your assets and your debt and if any of your creditors are present then they give their side of the story and a judge decides if you can be relieved of your debt. It's very nervewracking and frustrating and you have to list everything you own on your bankruptcy forms, right down to the clothes on your back, your sofa, your car, everything and you have to request that they be exempt from the bankruptcy proceedings. Good luck and I hope you are able to get through this without all this hassle. Try consumer credit counselors first.

Bankruptcy stays on you credit record for a full 7 or 10 years, preventing you from getting future loans, credit cards, etc. It is not as easy as it use to be to file for bankruptcy either. There are other programs, such as credit couseling, that you can look into that do not effect your creidt in such a negative manner but can still help you manage your bills.

In most states the government can garnish his wages so it isn't up to him whether you receive you support or not. Speak to a lawyer and look at all your options before going to such a dramatic and damaging option.

Bankruptcy.

Or see if you can have the courts pay you child support by garnishing his wages.

You should get a job and pay all your bills.

honorable thing to do is pay your bills,i sense you already know that.