I need to get some help getting out of debt. I've run my own lawn business for almost six years and and about two years ago sold the clients and tried to start another company. The second company is a landscaping company and it lost too much money. Now, I have equipment leases, cash flow loans and equipment loans that I owe and can't afford. My total business expenses are about $4000 a month, and my income is only $1500
About fifteen grand worth of equipment I used to run the landscape business, I've sold to use to pay debt services and all my other expenses. Now I have no money in the bank, about $1500 in recievables and am two months late on the equipment loans/ leases. State is MO
Setting up a meeting with a bankruptcy attourney on the 25th, but like to find out what kind of obstacles I'm going to have to deal with.
Also, I own a home worth 70k market value and ow $75k on it. I have a truck loan of about 20k that I can't afford anymore, still have four years left on the note. I'm current on my home and truck payements right now but won't be for long. Oh, and I have about $1500 in CC debts.
I can pay back some money slowly over time, but am afraid I'll be arrested or something. Anyone know if I'm going to jail or will have to pay back some money?
Ryan

