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Should i file Bankruptcy?

Posted on: 05th Jan, 2011 07:25 pm
I'm paying off my home and own 2 cars. but I owe about 35,000. in credit cards Can i file Chapter 13? even though I recently sold a small business, and I'm going through some financial hardship?
Why you want to be proved bankrupt? Is their any benefits of the bankruptcy status.

[Link deleted as per forum rules. Thanks.]
Posted on: 05th Jan, 2011 09:48 pm
hi guest!

welcome to forums!

rather than filing bankruptcy, it'll be a better option to contact your credit card companies and negotiate for a settlement of the debts. this will be a better option as you'll have to pay a lower amount to the creditor.

feel free to ask if you've further queries.

sussane
Posted on: 05th Jan, 2011 10:50 pm
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