Thinking of filing Chapter 7

[tiaontrack]

I'm thinking of filing. I'm really struggling to make ends meet. I have about 20k in cc debt and debt consolidation loan, which I got to help which backfired because my hours were cut. I'm still paying the loan which is $157 per month and set-up payment plans with 3 cards but the rest I haven't paid in a couple months. I'm a single mom of two and a barely get any child support. My hours were cut in December and I just went back to full time yesterday, but it wont help much because I used my cards to help keep me a float for a while. Do you think 20k of debt is enough to file Bk. I live in New Jersey last year I made less than 40k.

Thanks in advance

[tiaontrack]

Bumping Please any advice would be appreciated.

[keepmine]

From what little you posted about your finances, I'd say file. You owe a lot of money and, you're in state with a high cost of living.
Stop paying the consolidation loan and all cc bills, They'll be discharged in bk. Use that money to meet basic living expenses.

[MSbklawyer]

Tia, go to the National Association of Consumer Bankruptcy Attorney's (NACBA) website: www.nacba.org. You can find an attorney there who will give you a free consult and will advise whether bankruptcy is advisible and if so, which chapter would best suit you.

There isn't a debt floor for filing bk. Twenty K could certainly be enough based on your wage level.

[tiaontrack]

Thanks, I'm gonna give one a call and schedule a free consultation.

[ecsclb1724]

we're filing with just 25K in debt. However "just 25K" is crazy for us. Together we make about 60K but we have to pay for daycare for two, preschool, diapers, its too much for us to handle