SO my wife and I purchased our first home in 2006, and shortly after we had our daughter. Due to a lot of time off from work due to complications in my wife’s pregnancy, and me losing my job we fell behind on the mortgage. We struggled with paying what we could until the economy got really bad in 2008 and we couldn’t afford to even pay the morgage at all. Then in June of 2008 we lost the house to forclosure… Now my credit score is in the low 500’s and I can’t get approved for ANYTHING. I know from researching that both foreclosure and bankruptcy stay on your credit for 7 years, but which is better to deal with??

Technorati Tags: bankruptcy, credit score, economy, foreclosure, job, morgage, mortgage, pregnancy

My wife and I make about gross about 00/month and our monthly rent is 00.

Most of our debt is from expenses for pregnancy, income taxes, credit cards, etc.

I don’t think our rent may cause our bankruptcy. Do you think I should fear having to lose my rehome?

Technorati Tags: bankruptcy, credit cards, income taxes, pregnancy

Hi all.

I am 23 years old and have VERY bad credit and a lot of debt.

I had a lot of complications during my pregnancy, and was in and out of the ER 2-3 times a week for 9 months… after I had my son, a hospital representative came in the room to discuss medicaid with me…ALL this time I was under the impression that I had medicaid and I did NOT. Now I have racked up thousands of dollars in medical bills && also I have 4-5 umpaid credit cards adding up to about 00. Mind you, I have not paid ANY of these bills.

I am married, and want to file bankruptcy, but I do not also want to ruin my husbands credit…can I file for myself only??

I am just really nervous about all of this and I don’t know what to do…

Any suggestions are welcome…

Serious answers only.

Thanks all!

Technorati Tags: 23 years, 9 months, amp, bad credit, bankruptcy, credit cards, hospital representative, medicaid, medical bills, pregnancy, thousands of dollars