I’m in the early stages of researching if I should file for bankruptcy. I had two big medical bills last year and I had to pay for my dad’s funeral. I consolidated my debts and now have a loan of $36,000 and about $5,300 in credit card debt. I have a car that I still owe about $21,300 on. My fiance and I just closed on a home, the loan amount being about $197,000.
We will be barely scraping by with all of our bills and my minimum monthly payments on my debt. We want to have a kid in the next two years (I’m 33, so I don’t want to wait too long). I think I had read the house has to be paid down to a certain amount in order to keep it during bankruptcy.
Does bankruptcy sound like a good option for me?
submitted by /u/sailormars223
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