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  1. #1
    Join Date
    Nov 2005
    Posts
    2

    Default Whether or not to go bankrupt

    Hello I am 36, and owe 100,000.00 in unsecured credit card debt.
    I am in the proccess of purchasing a lot with a single wide trailor
    on it for 36,000.00, I have paid off about 6,700.00 on the place.


    2 Credit card companys out of 13 are actually putting both my accounts though Arbitration. They claim if I do not respond within
    30 days they will then be awarded an award. They then said they
    will take the award and use it against me in a cival lawsiut in my
    area.

    I have no income and unemployed, and I am single own no car either. I have made no payments for 1 year on any of these credit cards.

    I have a funney feelin they are really going to sue me. I cannot aford to go bankrupt. If I lose bunch of lawsuits from these credit
    card companys, and they get bunch judgments will I still be able
    to file bankrupcy on them?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Massive debt, no job....

    With no job or income, you are still able to make your payments on your trailer and lot? (Working under the table?)

    It sounds more like you can't afford not to declare bankruptcy.

  3. #3
    Join Date
    Nov 2005
    Posts
    2

    Default

    My parents are helping me with the payments.

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