The calls and letters come daily and between credit card dept ($23000) and personal loans ($6000) and my income only $52000 and wife not working (3 kids) I cant keep up. I actually quit paying on my credit cards about 8 months ago and am a month behind on my personal loans, 2 months behind on my mortgage and wifes car payment and see no llight at the end of the tunnel. I received a letter from an attorneys office yesterday threatening action on one of the credit cards and am waiting for a letter for my BoA CC that I owe over 17K on.
Should I file Chapter 13? There is no way I can pay this off with even the minimum payments per month.
Advice??
Should I file Chapter 13? There is no way I can pay this off with even the minimum payments per month.
Advice??
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