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Should I file for chapter 11?
Mortgage is 2 months behind and have less than ten thousand in debt medical,credit cards etc. I have had my job for 20 years.My credit is already bad .Can this still work for me? What should I do?
3 Answers
- Anonymous1 decade agoFavorite Answer
get with a credit card counsler. they really work and you will keep your credit.(which is very important) they will reduce your payments to a very low amount and will take away a huge chunk of fianances charges away as well. belive me. this works look for a credit counsler online. they are free.
Source(s): i had 35 credit cards over 40k in debt.. now i am debt free.and now own 5 houses.. this doues work. - andyLv 71 decade ago
Talk it over with a bankruptcy attorney. The only two options are chapter 13 or chapter 7 for an individual.
- David ZLv 71 decade ago
No! Ten thousand in debt is not enough to file for bankruptcy.
$100,000 in debt is a different story but you are not bad off enough yet to do that.
