Posts Tagged ‘living paycheck to paycheck’

I'm being sued for $80,000, should I file bankruptcy?

You don’t understand, we’re living paycheck to paycheck as it is. We do not own a home. We have no assets to seize.
(if you’d like more details on my situation, read my last ?)
If the insurance co. wins this lawsuit against us, we are so screwed. If they garnish my partner’s wages, we’ll be homeless. We have two children to support as well. Any advice would be greatly appreciated!
Thanks.

Oh yeah. If we did file BK, do we do it now, or wait until the suit is over?
fine, ill just pay on ,000 the rest of my life, get on welfare, and live in a shack!

i hate the way this country is run…

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My business is failing and have over 125K in credit card debt. Should I file BK or try to settle for less?

I’m selling my house and hope to net 25K. Do you think the 6 credit card companies will settle for the 125K down to 25K?

I have another job, but we are living paycheck to paycheck and can’t make these credit card payments. Any advice??
I forgot to mention that I make just over the amount to qualify for a Ch 7 BK and would have to do Ch 13 which I will probably end up having to pay back all the debts anyway..right?

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Is there a cheap way to file for bankruptcy?

My mother is in a bit of a financial pickle. She has credit card debts, I’m not sure of the exact amount, but over ,000, at least, most of it from a failed person business. She feels that the best option right now is to file for bankruptcy. However, she cannot even afford to do that! It costs somewhere near ,600 for the various court and lawyer fees. She cannot save up because we’re already living paycheck to paycheck. I’m only sixteen, so any job I manage to get won’t do much good. None of our relatives are capable of lending her the money. I don’t think self-filing is a possibility. The whole situation seems kind of hopeless. Any ideas?

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