I'm a 48-year-old professional who had no debt until a divorce 10 years ago forced me to return to school and start over. Since then I've acquired about $30,000 in student loans (not dischargable, I know) and another $38,000 in unsecured credit card debt from uncovered medical, dental, moving, and living expenses. I net about $2500 a month, have no significant possessions other than a 2-year-old computer I use for work and an 8-year-old car. My primary reason for considering bankruptcy is that I'm having major health problems and can't just get a second job to help dig out; indeed, I'm concerned about keeping my job. I've had three operations for two different cancers in the past three years, and just to make it fun, ongoing neurological problems that may have been caused by the undiscovered cancers or may be tied to something else as yet undiagnosed. I will probably be changing jobs because I don't have the health to keep the one I have (it's physically demanding). I wouldn't file bankruptcy, at least right away. I'd rather you just paid them a fair share of what you can. Maybe you have $0 each month to pay them. Give them $0. If you have $25, send each creditor a fair share of that. It's all you can do.Shoot, even if you just quit paying them altogether I think you'd be better off than filing bankruptcy. If you have the money, you should pay but I don't think you have the money. If you get sued it's not like you have anything to take. They can attach your paycheck (possibly), but I wouldn't file bankruptcy until I was at least facing that.Leviathan
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