repossessed and garnished

Hi, Mr. Majors,

My husband and I have had a very bad financial slump since 2001. It's not that I didn't want to pay my bills or get out of debt, I was unemployed for 4 years then finally got a temp job without uncertainty I've been on for almost 2 yrs. My husband can't seem to keep a job since then. Now, I just checked our credit today and we have judgements that were garnished in another county and they won't remove it from the original county. The 3 credit cards and 1 utility bill was just charged off today. I really don't know what I can do now I really don't have the money accept to pay off some small amounts on our credit by small payments. Our car was repossessed in 2002 and they garnished my husband in 2004 until he lost that job. We have judgements for at least 3 places of residents still on our credit too. I live in a hotel with 3 kids and can't get a place to live in. Will bankruptcy be too late or best at this time, to just start all over again? Please help me with any of your advice please.



Bo Majors
show details
12/26/06
Bankruptcy sounds like the best option from what I hear. I hope you don't have too many suits or liens prior to BK in that makes the BK not as helpful.

Sounds to me that more than anything you need a steady gig that works for you. I wonder if something else is happening inside this household other than job stuff. Is it bad job market or one can't hold a job long because of unsteady feet, or what?
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Hi, Mr. Majors,

My husband and I have had a very bad financial slump since 2001. It's not that I didn't want to pay my bills or get out of debt, I was unemployed for 4 years then finally got a temp job without uncertainty I've been on for almost 2 yrs. My husband can't seem to keep a job since then. Now, I just checked our credit today and we have judgements that were garnished in another county and they won't remove it from the original county. The 3 credit cards and 1 utility bill was just charged off today. I really don't know what I can do now I really don't have the money accept to pay off some small amounts on our credit by small payments. Our car was repossessed in 2002 and they garnished my husband in 2004 until he lost that job. We have judgements for at least 3 places of residents still on our credit too. I live in a hotel with 3 kids and can't get a place to live in. Will bankruptcy be too late or best at this time, to just start all over again? Please help me with any of your advice please.

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Jan 1
Thanks for your advice Bo, I've been thinking about this along time. I will go ahead and follow through while I still have a job. I need a fresh start because I'm tired of trying to figure out a way to pay them and pay for every day living expenses as well. It's too BIG of debts vs. too LITTLE paycheck. Oh yeah, my husband and I have study feet it's the job market ONLY. We will and do work. We've always paid our bills on time until we lost our good jobs in 2001 and 2002. We both are hard workers but just worked dead end jobs to support our family with whatever job came first.
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I would not gain all my advice from a Bk lawyer or trustee.\nGet some advice from a banker or money manager where you set everything out in front of them to make a good decision. You need some objective advice. Not just advice from a person that makes money from someone filing bankruptcy. \n\n Doing this will make you feel better about your decision AND will deflect some of the problematic self guilt asscociated with filing for BK.\n You are not your bank account.
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Jan 1
I would not gain all my advice from a Bk lawyer or trustee.
Get some advice from a banker or money manager where you set everything out in front of them to make a good decision. You need some objective advice. Not just advice from a person that makes money from someone filing bankruptcy.
Doing this will make you feel better about your decision AND will deflect some of the problematic self guilt asscociated with filing for BK.
You are not your bank account.