Hi all, Please excuse any typos as I'm visually impaired.
I will start with a brief discrption of whats going on. A few years ago I was diginosed with a eye desese that unfixable. Before that me and my wife both had stable jobs. I had to get on diability. That resulted in an decrease in our income. We made the necesary changes to survive (repo car,default on a couple of CC). We fix a couple of things (paid off a small CC that a credit agency had and made an agreement with another to pay out). Thing went ok for a couple of years.
Present> Last year 2010 was a very hard year for us. My wife had knee problems that resulted in surgurys and medical bills. I had a eye surgury and more medical bills. We held our head above water until Decenber when we were informed that most likley more sugury may be needed. Also a good chance my wife may loose her job.
So we made the decicion to start cutting even further. We moved out of our house ( thinking wells fargo would do a deed in lieu ) thats still going on but is in forclosure. My wife did loose her job the first week in January 2011. Luckaly she was able to reapply and now makes s $10 hr at 35 hrs aweek from $14 hr plus bonuses.
So this is what I need help with. I have not yet got behind on the CC bills or the money to the credit agency. But most likley will happen as things just keep pileing up. Theres just not enough money to pay bills,pay CC bills,pay doctors,pay for medicine food water and so on.
I have read what I can about bankrupsy chapter 7. I read there s a means test,we make way less than than the $50000 for a family of 3. Would chapter 7 work for me.
I read about assets. I don't think I have much,but what can they sell.
Thank you and please help.
I will start with a brief discrption of whats going on. A few years ago I was diginosed with a eye desese that unfixable. Before that me and my wife both had stable jobs. I had to get on diability. That resulted in an decrease in our income. We made the necesary changes to survive (repo car,default on a couple of CC). We fix a couple of things (paid off a small CC that a credit agency had and made an agreement with another to pay out). Thing went ok for a couple of years.
Present> Last year 2010 was a very hard year for us. My wife had knee problems that resulted in surgurys and medical bills. I had a eye surgury and more medical bills. We held our head above water until Decenber when we were informed that most likley more sugury may be needed. Also a good chance my wife may loose her job.
So we made the decicion to start cutting even further. We moved out of our house ( thinking wells fargo would do a deed in lieu ) thats still going on but is in forclosure. My wife did loose her job the first week in January 2011. Luckaly she was able to reapply and now makes s $10 hr at 35 hrs aweek from $14 hr plus bonuses.
So this is what I need help with. I have not yet got behind on the CC bills or the money to the credit agency. But most likley will happen as things just keep pileing up. Theres just not enough money to pay bills,pay CC bills,pay doctors,pay for medicine food water and so on.
I have read what I can about bankrupsy chapter 7. I read there s a means test,we make way less than than the $50000 for a family of 3. Would chapter 7 work for me.
I read about assets. I don't think I have much,but what can they sell.
Thank you and please help.
. Thank you Chase: I deal with you last.
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