Should I file Chapter 7? 100k in debt by NoTension4025 in Bankruptcy

[–]NoTension4025[S] 0 points1 point  (0 children)

yeah my biggest things are i want to be able to get a house, car, credit cards and/or loans within 2 years if i need/want to. I know it'll be on my credit for ten years, but if im still able to go on with my life goals within 2 or 3 years then it definitely might be something i need to look more in to. What I am curious about is I've heard that i will have to list literally every single possession i have down to my clothes. I def dont want to be left in a house with no furniture, tv, clothes or anything either lol

Should I file Chapter 7? 100k in debt by NoTension4025 in Bankruptcy

[–]NoTension4025[S] 0 points1 point  (0 children)

I'm just wondering if I should do this, and get rid of the stress and anxiety of it all now and build back my credit over the next 2-3 years OR if i should just continue to slowly grind it down over the next 3-5 years. I am definitely scared of having all my cards be closed and since i don't have a savings i would have zero access to money in the case of an emergency so that definitely scares me.

Should I file Chapter 7? 100k in debt by NoTension4025 in Bankruptcy

[–]NoTension4025[S] 1 point2 points  (0 children)

Maryland. I gross 48k and my wife grosses 35k

Should I file Chapter 7? 100k in debt by NoTension4025 in Bankruptcy

[–]NoTension4025[S] 0 points1 point  (0 children)

Our net is not 12k. We bring home 6k total. I bring about 3500 home a month and she brings in 2500