The thought of filing for Bankruptcy lingers in my head.

[mmenz22779]

Newbee,

here is my take, your student loan you cannot discharge, so your debt is 20k@ 29 years old yes you can recover but do you need to? 20k really is nothing especially at 29 years old.

There is a good chance that the court would throw out the case anyhow for only 20k. Call your credit card and loan people see if they would reduce your rate or payments.

Yes you can bounce back but it is a long road and very stressful. I filed due to my debt (1.1 million).

good luck.

[kw1025]

great point kpower. it is relative. for people who make 40,000 a year, $25,000 is alot! it is all relative, and whatever is going to give you relief is what should be done. we all have a legal right to bk