bankruptcy

What is the name of your state? missouri
due to reduction in pay (700-800 net a week) to taking a lesser paying job, my wife becoming 100% disabled and living off credit cards tying to start a new business last year we can not aford to pay our credit cards, ford explorer plus i am only making 522 net a week at this time. our house payment along is 1249.41 even if we get rid of the credit cards and explorer we will only have 100. a month for personal use. should we file and if so which one would help use the best?

[Ladynred]

That's a pretty broad question and depends on a lot of factors.

First, go to [url]www.thebankruptcysite.com[/url] and read up on both chapters of BK.

Second, on that same site, look at your available exemptions and if your assets fit within the exemptions, the CH 7 may be workable.

If you have a lot of equity in your home, vehicles or other assets, then CH 13 may be your fate.