No income now. Should I file ?
February 11th, 2006 by Questions
I was self-employed. But over the last two years, due to marriage difficulties (separation, prospect of divorce, 3 kids) my business failed and currently I am without employment or any income.
I have some $110,000 unsecured debt that I accumulated over the years. Most of it are credit cards which charge up to 29% interest on default debts. Even if I get a job I will not be able to make these kinds of payments(I used to pay only 5-6% on those cards).
What are my chances of getting discharged if I file for personal bankruptcy now?