First cut up your credit cards. Sell your stuff and pay your debts. Bankruptcy takes 10 years to be removed from your credit report, and you can be certain any credit you do get won’t be cheap!
There are probably people in town who can help. My advice is to find a bookie in a big city nearby. He will probably lend you enough money to pay off your debts. That will raise your credit score and you won’t be in trouble anymore. And, instead of dealing with a dozen different creditors, you can just make one simple payment to the bookie / loan shark.
Bankruptcy laws have changed significantly. You need the advice of a qualified bankruptcy attorney. Most attorneys will advise you on the first visit for no fee.
Good luck!
Chapter 7 bankruptcy is the commonest denotation of bankruptcy. It stands for waiving or canceling of debts that you have incurred. As an individual, you can select between Chapter 13 or Chapter 7 bankruptcy. Selecting between the two is not easy. The bankruptcy court will study your circumstances before deciding which type of bankruptcy is applicable to you.
The Chapter 7 bankruptcy is applicable if you have no regular sources of income. It works by reducing or clearing off all your debts. You can then make a fresh start without having to worry about having to pay your debts.
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July 20th, 2010 at 7:37 am
go to a bankruptcy lawyer……..each state is different