Should I file for personal bankruptcy?

[donjuanwater]

I am 34 years old:

I make 42K per year with my day job:
20K per year with my other 40 hour a week night job.

The night job is killing me and my relationships with women. I am always tired and sick of it.

Altogether I get $1000.00 cash one week, then the other week I get $782 (cash), then back to $1000.00 cash etc.

I own a 2004 Toyota 4 Runner Limited that is $730 per month. I need to get rid of it...I owe $730 for the next 65 months...

I pay approx. $2880.00 per month in bills. I live with my parents rent free.

I am willing to file personal bankruptcy and have my car taken away.

If I call Capital One Auto finance, they can take the car away, ruin my credit, auction the car off (I owe $39,000 for the car at this time), and they will auction it. Whatever is the difference between the $39,000 and the auction, I have to pay for it. So let's say the auction sells the car at 20K, I have to pay $19,000 for the different.

I went car shopping and I can trade in the 4 Runner for a Ford Focus that would come to only $437 per month. Then I can quit one of my part time night jobs and work only two over nights a week (16 hours).

I owe 20K in student loans.

I owe about 35K in credit card debt.

Should I just hire a bankruptcy lawyer and let them take my car?

If I get the Ford Focus, THEN file for bankruptcy, will they take the Ford Focus as well?

I could not care less about my credit in the future...

Also, how can I find a good New Jersey Bankruptcy lawyer, anyone know of any?

[donjuanwater]

Altogether I owe probably owe more...

In addition, I owe 8K in surgery costs...

With my car loan of about 45K, plus the credit cards and everything...add it up, it totals over 100K. I DID NOT want this to happen, and I did not intentionally do this to declare bankruptcy.

What do you think the judge will say?

[mark234]

What the h....

Buddy,

I can't believe the hole you've dug yourself into?!

Sell your car first and buy a used car for about $3K to $5K.

Second, what the hell are you paying $2880 a month for? You should be able to live really well on that including your own place?

Forget about 'the ladies', what type of boyfriend will you make if you can't manage your money at 34? C'mon!!!

Focus on paying off your credit cards and don't borrow any more, maybe in 5 years you will be ok, maybe.