Re: Choked with debt
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Posted by Michael Lomker (209.98.64.2) on January 09, 2003 at 15:49:21:
In Reply to: Choked with debt posted by Rol on January 09, 2003 at 14:20:38:
Rol, you should be talking to a competent bankruptcy attorney. You make no mention of your income--if it is over $60k then you could file a Chapter 13 and set up a repayment plan. The primary benefit is that garnishments and lawsuits are stopped and you pay zero interest. Most states give you 5 years to repay the principal amount but it varies by the state. If you make much less then you should be looking at a Chapter 7. Good luck.
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