I have been unemployed since June last year and living off my CCs and some freelance work in the hopes of getting another job in my field, but things are not going well, in fact, getting worse by the day. My CC debts is more than $40.000.00 now, but no late payments yet since i am using an open loan credit to pay other cards and everything else. I just don't know what to do anymore, if i get any kind of job with minimum wage to survive, something i am planning to do, i won't be able to make CC payments and pay for rent/food/etc...
The only asset that i have is a car that is worth around $6.000.00, i am thinking about selling it and use the money to live and get any odd job i can get.
Here are some questions if you can please answer
- By my details that i gave,am i eleigible to file for BK?
- If filing BK and having money in the bank from the car that i plan to sell, can the creditors take that money away from me?
I really apreciate if anyone can give me some light on the subject..
Thank you

