completely new to this

[rmh1013]

hi,
I have recently thought of filing chap 7 but am a little afraid. I started getting in trouble about 3 years ago when I lost my job. I got another in less than a month but it was quite a bit less in pay. I make about 35000 a year and am in debt about that much in credit cards. my interest payments alone are about a weeks pay. The only assets I have are an ira with about 20000. Can that be taken away?

[soldout]

Here is a link that might give you some insight on your question.

Good luck.

http://www.entrepreneur.com/article/0,4621,322964,00.html

~soldout~

[StaciMM]

You'll need to look into your state's exemptions. What you can / cannot keep in BK depends on where you live/file. A couple of sites where you can look up the current exemptions:

http://bankruptcyaction.com

http://bankruptcyinformation.com

If you haven't already, call every BK attorney in your phone book and schedule a couple of consultations. You may have to call quite a few, as there is very little time left before the deadline.