Should I Go Bankrupt??

I am in 拢18-19k worth of debt and i cant seem to get out of it. I have been left in all this debt from an ex boyfriend who persuaded me to get loans, a car etc for him in my name as his credit was really bad. now we have split up and I have all this debt to deal with. I'm in a 拢17k a year job and that still doesnt cover the costs each month. i am only able to pay the mins each month and the debts dont seem to be coming down. I have managed to pay 2 of the smaller debts off over the past year but I still have another 4 big ones to go?? a bank loan, 2 cars on HP and a credit card. The car that was my boyfriends is costing me 拢325 a month on its own and its just sitting in my drive way. i can't sell it as its still on finance and i cant get a consolidation loan as my credit is also really bad now i have all this debt hangin over me. I am also pregnant and have all this debt to deal with. Help!! do you think bankruptcy is the only answer to a fresh start?

Be an adult, work hard, and don't look for an easy way out.


PAY YOUR DEBT.

Yes do it. Stiff those bankers (whores).

You certainly can sell a car that is still being financed. You pay off the loan with the proceeds! That will help.

one try to sell the car no matter how much you sell it for and pay on the difference, do not file because it will haunt you for 7 yrs plus take him to court the bum

take ur ex to court have him pay!!

Consult a debt busting loan company instead.If you go bankrupt it will take 10 years to clear your name.Speak to a financial advisor.Do you have proof of the loan that was taken out for him.It may be possible to take him to court.Do you have Legal Protection on your home insurance.?Debt busting loans are taken out on amounts of 拢15-000 or over.

Ok alot on here are probably going to say no....but I filed and I dont regret anything. First though...have you tried taking him to court??? You may be able to win, it would be worth a try. IF thats not an option....I called around to all the bankruptcy attorneys in our area and asked for prices. I found the chaeper ones and called the Better Business Bureau to be sure they were the same qualified and had no bad reports for any consumers. I found one in my area to do chapter 7 for 900.00 compared to the 2500.00 some charge thats amazing!! Chapter 7 is liquidation. They get a list of everything you own and decide if there is anything worth taking that you dont need. Well we didnt have anything, and alot dont lose anything. Like we have the normal...house, 2 cars, furniture, things like that. No boat, quads ect. I think those are the things they are lookin for. If you have someone you trust before you file, put it in someone elses name (at least a few months). But if they cant take anything (which you can talk to the attorney and see if your at risk of anything before you file so you know) if they cant take anything, then all you do is pay the attorney and thats it. It will be on your credit, but anymore people are willing to give you things in your name since you cannot file again in 7 years. If you file chapter 13 they will consolidate your bills and you pay like your doing now but smaller amounts. They will get the billers to come to an agreed amount that you will pay on. So it will lower the amount. But you also have to pay for the attorney too as well as the bill. Good luck.