Established Member
Posts: 32
Registered: ‎07-11-2009
*Help* How does filing work?



  I'm 27 going on 28 and have been debating BK since I was laid off in late March of this year. Unless full-time work happens soon(I work part-time but only 15 hours a week), I will not be able to make certain payments anymore and instead of being sued for missing "umpteen" credit card payments every month, it'd be most logical(not necessarily the smartest) to file. I realize that BK is a "one and done" situation and that I'll never be able to do it again, even in the future if I ran into medical situations. My scores are already in the mid 500's, so it's not THAT bad of a drop. Here's my questions as a newbie:


Does EVERY account have to be included? I ask because some of my small credit cards that I've never missed a payment on in the past 7 years, only have small monthly payments that I have no problems making(ie $25 a month), it's the bigger cards with the $100+ a month payments(Applied Bank, Wal-Mart/GE) that I won't be able to do anymore. Overall, I have 10 credit cards, with 7 of them being very small payments, 1 of them almost paid off, and 2 that are maxed out and have high interest and expensive payments. I do have an auto loan but I would rather not include it because even though the payment is high, I'm able to make it each month and I can't afford to be without a car as I don't have money to put down at those used car dealers that say "no credit check if you put $3,000 down."


This question probably gets asked a thousand times, but if the whole point of people claming BK is because of the inability to pay their debts, how are they supposed to come up with $500-1000 to pay the BK lawyer?


Thanks for any and all advice.