Chapter 13 - and no disposable income
Really down here and could use some thoughts...
I am a single Mom with 2 young children. Before I got divorced, my ex and I filed for Chapter 7 Bankruptcy and were discharged in 2005. (loong story there, but it was credit card debt I knew nothing about which was in my name too).
Long story short, he moved out right after that - I was working only part time. Then he lost his job - and stupid me kept my house with a HUGE mortgage payment. Until I could get it refinanced, I was charging most everything on credit cards (I know, stupid) but I wanted stability for my kids. I did get the refinance to go through, which helped, but by then I had credit card bills of about $9,000
Anyway, the CC interest just kept mounting up and the monthly payments going up and I just quit paying the credit cards in Oct (again, I know - stupid, stupid). But I had to make a choice between food, childcare, housing and gas OR credit cards... sigh... I finally starting trying to do "do it yourself" debt settlement, but am getting no where. I had one collections agency who filed a civil suit against me, to which I responded. But who knows where that is going. And now with interest and penalties and such, I think my debt is now showing at about $15k.
I've done some of the calculations for disposable income and it looks like I basically have none (or very, very little). From what I'm seeing, it looks like child support isn't calculated into that? (I get $600/month for child support). I do work full time and am trying to get into some online classes in order to get a better job and hopefully do better for my kiddos, but right now, I just feel overwhelmed and very, very depressed and afraid.
I know I can't do a Chapter 7 - with so little disposable income would they let me do a 13? Just very confused and any thoughts would be appreciated.
I am a single Mom with 2 young children. Before I got divorced, my ex and I filed for Chapter 7 Bankruptcy and were discharged in 2005. (loong story there, but it was credit card debt I knew nothing about which was in my name too).
Long story short, he moved out right after that - I was working only part time. Then he lost his job - and stupid me kept my house with a HUGE mortgage payment. Until I could get it refinanced, I was charging most everything on credit cards (I know, stupid) but I wanted stability for my kids. I did get the refinance to go through, which helped, but by then I had credit card bills of about $9,000
Anyway, the CC interest just kept mounting up and the monthly payments going up and I just quit paying the credit cards in Oct (again, I know - stupid, stupid). But I had to make a choice between food, childcare, housing and gas OR credit cards... sigh... I finally starting trying to do "do it yourself" debt settlement, but am getting no where. I had one collections agency who filed a civil suit against me, to which I responded. But who knows where that is going. And now with interest and penalties and such, I think my debt is now showing at about $15k.
I've done some of the calculations for disposable income and it looks like I basically have none (or very, very little). From what I'm seeing, it looks like child support isn't calculated into that? (I get $600/month for child support). I do work full time and am trying to get into some online classes in order to get a better job and hopefully do better for my kiddos, but right now, I just feel overwhelmed and very, very depressed and afraid.
I know I can't do a Chapter 7 - with so little disposable income would they let me do a 13? Just very confused and any thoughts would be appreciated.
As far as moving - I would'nt mind that at all, just I doubt I could even rent something as bad as my credit has to be at the moment. My mortgage payment is currently $805 which is most likely comparable to what rent would be.
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