Sorry Creditors

April 20th, 2011 by Questions

I have a 13,500 loan on a car, and a mortgage that has a balance of 133,000. Plus I owe over 15,000 on a personal loan, and over 10 on credit cards. I had a change in employment, and have noticed a damaging cycle that I can’t get out of. What should I do, if I wanted to keep the house and car? Is bankruptcy my best bet?

Posted from: Nova Scotia

Questions

One Response to “Sorry Creditors”



, A licensed trustee said:

Bankruptcy is certainly an option to consider, but it is not your only option. I suggest you use the links on this site to find a trustee in your area and then contact them about a “free consultation”. They will review your situation in much greater detail and then explaion 3 or 4 different alternatives for you to consider.

I realize you sent a note to a free website hoping for a “better” answer, but we can’t go into the kind of detail you require to make an informed decision. Take the next step and call a trustee in your area.

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