To make a long story short - My husband became disabled in 2003, after being injured at work in 2001. We have had a WC Attorney since 02. We owned a 40 acre farm, that also had a home in need of repair. We had recently borrowed against the farm to remodel house just 4 month's before husband became totally disabled. We sold the house and some of the acreage to take care of that loan with the bank and retained 8 acre's and farm building's. I am currently living inside a machine shed in a 31 ft. camper.
We acquired around 28,000 in credit card debt between 2001 and 2003, trying to keep bill's paid. My husband went from working a lot of overtime hours to being on light duty for 2 year's, because of his injuries. We kept thinking thing's would get better, we could sell the property for a higher price after remodeling the house, and get squared away. Instead he had a mental breakdown from chronic pain caused by his injuries. He started receiving SS Disabilty within 6 month's of his leaving work on a stretcher and staying in a mental health facility for 5 day's.
Our attorney for the last year has led us to believe he had a strong case of getting permanent total disabled in his WC award. We have held off the credit card companies with a *hope to repay with settlement proceed's*. Now the attorney is not feeling as strongly about a permanent total as he was before, and is wanting him to settle for about a third of what he might receive if we go for total permanent.
We certainly had no plan's to file for bankruptsyy. But now I think that is the only way I will ever have a home again. I am disabled, but can not get disability because of work credit's, not enough in a ten year period.
I almost feel like our credit is in the toilet already, if we file bankruptsy, there is a good chance I can get a home again. If we repay even half of the credit card debt - it will make a difference in a home or not at this point.
If we do file bankruptsy - will his WC settlement be considered in a way to repay these credit card bill's. Should we try and file bankruptsy before or after we settle. What can we keep. WE own our one vehicle - 8 acre's of land with farm building's on it, and a 31 ft. camping trailer that we live in. That is all we have left.
WE live in Missouri if that help's. I am so scared of making the wrong decision. This is the rest of our lives now, and we are both in not so good health. I just want some peace and a place to live.