I am a 24 year old female approximately 132k in debt. The first 74k is student loans, which I understand I will need to pay off in full and have no issues doing so. The remainder are credit cards and 1 vehicle. I was on my own at 17 after my parents passed, so this isn't about me refusing to accept responsibility. My vehicle is worth 18.5k, and has a 16k debt (lien perfected) on it, it is currently in a charge-off status, but since my address changed they were not able to get it (it has been over 1 year now).
I plan on going to medical school next year. I have a Bachelors currently.
Most of my previous credit card debt
happened when I was alone at 18-19 and was used for living expenses etc.
Should I file Chapter 7
and get it over with, or, since I will be "judgment proof
" for at least 5 more years, should I just ignore them all and try to defend or drag out any potential suits (Should I seek a default judgement as soon as possible to start the clock)?
How often are judgments renewed?
I still need my car, but financially I am working several jobs at once to pay for school so it it's hard. My primary checking account is located in Italy and I use a brokerage account as a pass through to prevent attachments if I did have a garnishment
. Will this help me?