Bankruptcy and Proposals
May 11th, 2006 by Questions
I have a question about bankruptcy, I am trying to deside what would be best for me right now, after 9 years of supporting my now ex live in girlfriend I have accumulated about 34,000 of debt to credit cards, line of credit, and concolidation loan. I have reconcolidated 3 times in the last 5 years and still the bills and debts mounted as she only worked part time, now that she is moving out it will be very questionable if I will be able to afford even the cheapest of places to live on my own as she did manage to pay a portion of the rent, and either break even every month or run in the red. At this very moment I do not have creditors calling me demanding payment or anything and have always made every payment in full and on time, but in a months time they will start calling as it looks like I will not be able to pay, am I still eligible to file for bankruptcy even though my creditors are not yet doing their thing calling and demanding payment? am I eligble to make a proposal to them? or will I have to wait untill my credit is history and they are calling demanding payment? I have an appointment to see a trustee in my area, any advice would help before my appointment.