rmo5095 wrote:
I have spent the last few days researching this forum and have found that I am probably a candidate for bankruptcy.
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is there anything on this list that couldn't be ahndled through BK? and do you think BK is a viable alternative.
First, if you haven't already, read through the "Sticky threads" at the top of this forum. Also read these.
Things that will still be there after BK: income, child support, money to fiance, rent, gas expenses. Don't forget food and utilities--unless you're hunting for meat, foraging or growing your own, and living off grid.
Anything you reaffirm, like the car loan, will still be there. However, if you're already 3 months behind, might be useful to look into whether you can sell it yourself and at least break even. If you know you're already upside down on the car loan, might be best to BK it and pay cash for a beater.
Any old bills, collections, and the like will be gone.
If the debt was business, like the cell for your old company, you might wanna talk with your BK lawyer about that. However, I suspect it too can be BKed.
On the chex systems entry with Bank of NY, is that an active collection?
Lien on an old business, again not sure. Talk to your lawyer.
Anytime you owe the gumint money, like workers comp, there's likely to be a minefield of laws you need to navigate. It may or may not be able to be BKed, but your lawyer will know.
I dont' recommend BK lightly, but there's always a sinking feeling that tells me, this person has no other choice.
Since your case would be a bit "exotic", you definitely wanna hire a lawyer to handle this. More than one person, here and in other forums, did a BK themselves and something got fouled up. A few actually had a lawyer that screwed something up. Don't just open the Yellow Pages and blindly pick. One of the stickied threads has info on selecting a lawyer.
If you need more info, feel free to PM me. I can point you to other BK resources elsewhere.