After three years of trying to avoid bankruptcy, it looks like my wife and I need to do it. Our combined gross income appears to be over the chapter 7 K limit because I had a lot of overtime this summer. Now that I’m down to 40 hours or less, there is no way to meet our payments. Chapter 13 is so expensive itself, it doesn’t look like a real option. What else can we do?
I’ve learned that it costs money to file for bankruptcy. I think a little less than 0 if I do it myself and ,300 if I go to an attorney and they take care of most of the paperwork for me.
Problem is, I don’t even have enough money to file for bankruptcy where’s I’d do it myself. One of the loan agencies that I’m paying back that’s part of my major debt won’t let me borrow if it’s for bankruptcy. What do I do? Who do I turn to for this? At this point in time, wiping away my debt is the only answer. I know my credit will be shot for the next 5 to possibly 7 years, but it’s the only real option I have right now because I can’t afford to back back my creditors at this point in time.
Any help would be greatly appreciated.