fortunate Posted October 10, 2007 Report Share Posted October 10, 2007 I am just looking for opinions, as I am on the fence about seeing a lawyer.First of all, these forums are great! So much information here! I have been reading for a few days now, and I have learned alot.Here is my situation:I have about 37k in Credit card debt (and growing due to interest) over 5 different cards. Right now, 3 of my cards are in a payment plan ( a very slow payment plan) and as "positive" as I can get them. At least they don't call me anymore. The 2 largest credit cards are heading to collection, and there is no way I can keep the collectors happy. I expect to be sued very soon.I contacted a non-profit credit counseling agency, and they turned me down. I just don't have enough disposable income to set up any payment plan.I live in Texas, and my wife has no credit issues. I certainly do not want to ruin her credit. I have a child on the way as well. I am almost positive my income and assets meet the requirements for a Chapter 7. It just seems like recovering from my debt is impossible.Should I see an attorney? Will a BK effect my wife? Does anyone know a good lawyer in Austin, TX?Thank you for any advice. Link to comment Share on other sites More sharing options...
maryv Posted October 16, 2007 Report Share Posted October 16, 2007 If I were you I'd file BK, talk to a BK attorney and ask him/her these questions as they would know. Just remember after you file BK stays on your credit report for 10 years. Link to comment Share on other sites More sharing options...
LadynRed Posted October 17, 2007 Report Share Posted October 17, 2007 I contacted a non-profit credit counseling agency, and they turned me down. I just don't have enough disposable income to set up any payment plan.That right there says "Get thee to a bankruptcy attorney !! " Seriously, if you don't have enough disposable income for those people, you probably qualify for Ch 7 - but see a lawyer.TX is a community property state - so if you and your wife have joint debts, your BK may indeed affect her.If she is working, her income AND yours must go into the calcs for the means test - HOUSEHOLD income is used.For an attorney you might want to check out www.nacba.org Link to comment Share on other sites More sharing options...
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